I think it makes more sense that one of these companies buys out Pershing in the next six months.
1. Renaissance Gold
2. Franco Nevada
3. Coeur D
Franco Nevada has about a $1B in cash. Each of these companies has properties in the Pershing area and it makes sense that they expand. They probably have the additional leaching pads to process the annual demand to recover their investment in PGLC. I look for a price of around .75 buyout per share. Pershing will never have the money it takes to go this alone.
This is a old article and I believe others have commented on it. Grueman1 posted several useful items from it. The industry would love to wean themselves off of buying metals from Russia and South Africa. It's worth taking a position here. Doesn't CDTi test this stuff rigorously before submitting it to GM?
When will CARB put the stamp of approval on the Durafit line? ROTH capital has a meeting on March 10, will CDTi be there? I would guess that earning should be out the first week of March. These are the kind of investments that can surprise you.
I stopped and had dinner. I was ticket 10156. I thought that was pretty good. There was only I and an officer in the place. Then a couple came in as I left. They must do a pretty good lunch trade. Loving this one.