Solid foundations. New horizons.

Free
Message: Five hot stock picks from investment advisor Peter Besler - Mining Markets
Hi Bob While i will defer to your greater lnowledge and experience re AE management culture ... "it's not their style", the out of control elevator drop in the gold sp requires that AE solidify its control to a minimum of 20% and as much as 40%. Not acting will leave AE open to the very real risk of introducing an unwanted, competitor with deep-pocket means who will both bid up the Prb sp and cost AE much more per share when the 100% ownership of Prb is attempted. Better, risk-wize, for AE to early-up the current "creeping takeover plan.: ie creep faster. I feel these large tier 1 competitors need to aquire a "uniquely large/growing (resource tons and grade per Besler article criteria, particularly political offshore risk) to replace the current high cost gold assets (to pay down debt; lower overall all-in mining operating cost; preserve faltering debt ratings; reverse free fall sp destruction, etc) I feel a well managed (long time) AE will not ignore the risk of giving a competitor an opening to becoming a takeover competitor. The next tranch of assay results (3 to 4 months, 4 drills, increasing grade average, etc) will confirm? That Borden is approaching the magic 10M oz resource size, and still open in all drections. If my gold history reading serves, this puts PRB into the ounce every 10 years new gold mine producer class. All this IMO based on current facts, lateral strategic thinking, and lack of news bordom on a weekend. So Bob, i can only hope that AE thinks/acts the way I have outlined. Best, Peter
Share
New Message
Please login to post a reply