re: Ann: PMI Announces Interim Order For Merg... Hi Bripoz,Under...

re: Ann: PMI Announces Interim Order For Merg... Hi Bripoz,
Under 70 cents is a great buy for the future no matter what happens in the short term.

So what do we all think? Firstly here'an article from The Australian where an RBC analyst makes some comments and has us at Outperform with a target price of 1.50

http://www.theaustralian.com.au/business/wall-street-journal/pmi-gold-and-keegan-resources-scrap-merger/story-fnay3vxj-1226580920006

What I'm most happy about is that we've just kept going despite the merger. Work on Obotan has continued at full speed, and we have been in financing negotiations.
Meanwhile the Keegan lads are disappointed. Keegan has had no announcements outside of the merger since September. In that time we've found even more gold. Comments I've een include.....screw them lol

Loki on the AMX thread muses that it may be difficult for us now, but we only need another 75-100m apparently aside from the debt facility. Macquarie owe us now lol

The analyst suggests we'll cut down on exploration now as we pursue Obobtan which makes sense, and also that there may be a little cap raising in the pipeline. Hopefully retail holders will get a shot at it this time.

A big turnaround in the depth, but there were just as many sellers. Let's wait and see.