Someone is buying a large stake in the company, and if we get the volume like yesterday , we may soon see who will be the new owner
Looks like someone is picking the stock up cheap, BAM wouldnt want some one to buy the company , they would want to take ownership and then sell it at a good profit, as underground mines go 350 million is not much for a mine which will make money if it has no debt
IMy thoughts are the companies future relies on the price of the metal , the metal price has been highly volitile, and if it can gather momentum and head above 800usd , we will see the stock price going with it.
I see funtrader knocked the company when it was 12c ,now its 22c and he knocked it again last week, I think he has lost face with his articles since it has jumped nearly 90%, let see if the share price increases the same after his latest knock.
This is why Ichan and the Ceo are buying up the stock, they will not sell unless they get the price they want, which will be over 30, my thoughts only
All i can say is everyone was saying the company would need to raise money by the end of last year, the company never needed too ,which would show how much truth you can put into fun traders reports and no comments on how they are turning the company around, anyway the company is now heading in the right direction.
Company has finally starting to produce as has been promised
Now they have to keep it going over the next quarters
Any increase in the metal price will be a big bonus
The company is looking far better now than 6mths ago, welldone to management-things are coming together
Sentiment: Strong Buy
Assuming the current metal prices prevail and production metrics and costs are met, the 2015 capital expenditures and exploration programs are expected to be self-funded by cash flow from LDI operations
Sentiment: Strong Buy
I was taking to a mine engineer and he told us,a good profitable mine should be using the mill at just about 100 percent,if that is the case PAL isn;t, however if they can mine the new powerline surface ore at the same time, they could fully utilize the mill better.I dont know what the mill is good for, but shutting down and starting up the mill is costly what I can gather.
To be able to file a 13G instead of a 13D, the party must own between 5% and 20% in the company. It must also be clearly understood that the party acquiring the stake in the company is only a passive investor, and does not intend to exert control. If these criteria are not met, and if the size in the stake exceeds 20%, a 13D must be filed.