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Re: kmx_swing post# 26

Monday, 03/04/2013 10:03:01 AM

Monday, March 04, 2013 10:03:01 AM

Post# of 173
Yes, renamed only.

PMI had a block of investors who did NOT want the merger, causing the surveyed 54% PMI's in favor, that surveyed number fell far short of the 66% indications needed, and merger was cancelled before actual PMI vote.

PMI's CEO resigned over the busted deal. Their stock is in the shark tank, since they've lost access to the $210mil cash of AKG, which would have gotten their Botan processing facility built and into initial production before end of 2014 as I understand it.

AGK is already trading within 10c of the revised current target shareprice by Cannacord I believe it is, of $3.25

Don't see any hurry to buy AKG "next week" nor even next month. It takes beaucoup bucks to build a mine and get it into production. That's if it can be FAST tracked.





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