Wednesday, June 07, 2017 7:38:30 PM
PRU.TO - time to look again...
"don't stop following your losers" I didn't lose with Perseus (sold out a year ago) but it has gone up and down in the last couple of years but perhaps now the time is right to take a position for their growth phase.
I think it is worth meditating on slide 9, then slide 10 of attached Euro Gold Forum presentation as pessimism on Perseus could be at its peak and growth profile is real, PRU has no debt and AUD 70M of cash and access to AUD 60M in debt (slide 27) to build-out Sissingue, for which the only need AUD 80M (~USD 60M per latest presentation). There will be no dilution on the path to production at Sissingue which comes online in 10 months.
FYI - AUD is basically 1:1 to the CAD for last several years.
http://www.perseusmining.com/aurora/assets/user_content/document-6.pdf
The latest conference call transcript is here and the CEO is screaming that the worst is over.
https://seekingalpha.com/article/4061857-perseus-minings-pmnxf-ceo-jeff-quartermaine-q1-2018-results-earnings-call-transcript
Edikan is marginal @ 1.1 g/t but I think shares will be higher when we get closer to Sissingue being in production and if market can see Edikan operations turned around after bad December 16 quarter.
Here is what SP has done the last 3 years.
"don't stop following your losers" I didn't lose with Perseus (sold out a year ago) but it has gone up and down in the last couple of years but perhaps now the time is right to take a position for their growth phase.
I think it is worth meditating on slide 9, then slide 10 of attached Euro Gold Forum presentation as pessimism on Perseus could be at its peak and growth profile is real, PRU has no debt and AUD 70M of cash and access to AUD 60M in debt (slide 27) to build-out Sissingue, for which the only need AUD 80M (~USD 60M per latest presentation). There will be no dilution on the path to production at Sissingue which comes online in 10 months.
FYI - AUD is basically 1:1 to the CAD for last several years.
http://www.perseusmining.com/aurora/assets/user_content/document-6.pdf
The latest conference call transcript is here and the CEO is screaming that the worst is over.
https://seekingalpha.com/article/4061857-perseus-minings-pmnxf-ceo-jeff-quartermaine-q1-2018-results-earnings-call-transcript
Edikan is marginal @ 1.1 g/t but I think shares will be higher when we get closer to Sissingue being in production and if market can see Edikan operations turned around after bad December 16 quarter.
Here is what SP has done the last 3 years.
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