so....... one thing PGO needs to get its project running is Money...... or another project to run parallel (shell play / reverse take-over?)..... to draw in additional funding/ breathe new life into these old bones.
Pattos were brutal in getting control of this shell when the HTI deal was wound up (PGO was born from HTI a few years back).
Pattos wanted in bad.
so.... anyways.... after all this time......"Jasper Hill" informs the market that it has taken a 9.5% holding in PGO a couple of days ago...
Q1 - Who is behind this "Jasper Hill"?
http://jasper-hill-resources-pty-lt...any/au/c/724886-jasper-hill-resources-pty-ltd
A1 - Aaron Constantine
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Q2 - Who is Aaron Constantine?
A2 - Just some dude.... aka..... one of the main men at Patterson's
http://www.psl.com.au/about-us/corporate-structure/corporate-structure
Namely.... HEAD OF CORPORATE FINANCE @ Patterson's Securities..... $$$$$?
and he is dropping his own cash into this puppy?
eh....?
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anyone care to share ideas...?
this has been a while in the making... i is always open to conversation on these minnows.
$5.5 million market cap
$1.65 million cash
1 x debt free shell - these days worth $2-3 million?
Recent raising due for a push
Owns a mine / pits / infrastructure which needs a re-furb.... and is 100 K's t Darwin... so it is a possible chance of starting. Some major work was done on the infrastructure in the not too distant past..... though project was side-tracked.
Gold has returned to the markets interest as currency wars make the headlines again
Mine made money back when it was operational - with GOLD at its lows
AUD is staying low
Project has decent JORC numbers
EPA work rapidly progressing
bsh
