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The Lyceum - searching for eudaimonia

PRU to be taken over

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There is no doubt now that PRU will be snatched up in the near future. One of the largest gold holdings in West Africa and everyone wanting a piece of it.

Could be anyone who takes them but there is a few who already have significant operations in the area and this would be a great bolt on for another 500K oz pa in the near future.

NCM must be looking at them for one.

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  1. Miner's Avatar
    Hi Sean

    Long time after seeing your posting.
    Yes, I do agree as PRU from the day one never wanted to be a producer by themselves. Unfortunately I missed out to encash the price rise
    What do you think of GDO ? Comparing its peer group 53 cents bloody attractive even if CITIC etc offering 55 cents. In long run it will make the money when I see its peer group performances and taken over of RAND Uranium.
    Why the share price is not reflecting the surge of profit and resource level.
    Just sharing to learn


    PS : I have reutnred to mining directly now after spending few years in EPCM and now in North America dodging some chances of going to DRC or West Africa
  2. kennas's Avatar
    Yeah, I've been very very busy lately and haven't had much time to spare. PRU very recently pushed though some long term resistance and powering on.

    Was watching GDO and their ounces to price looked compelling. Couldn't work out why they were so lowly rated. Maybe it was the grade.

    Back digging eh? If gold keeps going up I'll be out in the gardens of Bendigo with a metal detector...
  3. shag's Avatar
    capital raising hasnt helped SP
    like how long do u need to wait for a takeover, look at wpl, pdn, ext.....the latter went sideways for yrs, then popped up and sideways again for yrs....
    not like some of the fe and coal stocks.
    at least china has a multi billion budget out now for these african stocks, supposedly.
    geez with pru im just getting old....
  4. shag's Avatar
    doesnt the graph look bad
    i know it floats thru 3 buks but it looks like lower his n lower lows etc...

    shame no real news, 4 us anyway. 4 all we know nationalisation is on the cards or higher taxes.
  5. kennas's Avatar
    Massive upgrade to M&I before Xmas. Soon will obviously have 10m oz in not much deeper than 100m. Low grade but with the type of deposits and depth you can get the gold out by panning.

    Once a TO is launched I think it'll be fought over.
  6. shag's Avatar
    geez m getting old....
    buy stock n it promptly goes down...
    did i say i'm getting old, memory must b going....
    feel free to comment on gmr, it never hit my radar, must b the age...
    dml finally hit news radar n explains why it held solid during gfc 2a.
  7. kennas's Avatar
    Production figures out today in line with guidance.

    In the past goldies have been taken over at a 30% premium, the latest have been much higher.


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