Perseus Mining Limited (PMNXF): Perseus Mining Might Be Worth A Punt PM...

Reply Private New

Replies (2) Next 10 Prev Next

Send PM Follow Ignore

Followers	70
Posts	3876
Boards Moderated	0
Alias Born	06/10/2004

Vegas Matt

Re: None

Thursday, 09/03/2015 12:02:19 PM

Thursday, September 03, 2015 12:02:19 PM

Perseus Mining Might Be Worth A Punt
PMNXF
Summary

Perseus Mining had a remarkable FY 2015, but the market isn't recognizing the value.
The working capital position more than doubled and the cash position has tripled in just one year time.
FY2016 will be the last tough year for Perseus shareholders as the Edikan mine will take a temporary step back before adding 50% more ounces in 3 years from now.
Due to the high cash level on Perseus' balance sheet, I feel like the market isn't giving the company enough credit.
http://seekingalpha.com/article/3484716-perseus-mining-might-be-worth-a-punt?auth_param=6ojk:1augmls:75b3ed8e82f836fc1d422b485e1fd833&uprof=45

Diversify. We invest to make profits. You need to take profits when you have large spikes in stocks, especially if you are up over 100%.
At least sell half, and ride some free shares.
Have some stocks, EM, bonds, real estate, etc.