Pan American Goldfields Ltd. (fka MXOM)

[Meyer]

I think the main problem with MXOM if the deal doesn't goes through is the management. They are all bankers and have no mining experience. They have taken over the company, because they were unhappy with the previous management.

I thing the asset is perfect. It has a good resource and mining is already in place. The only thing that was missing was a management that knows how to grow the asset.

Canarc seems to fit perfectly.

The only thing that worries me is that Carnac seems to have own problems. What is the status of the delisting review?
This can be probably sorted out with the financing. Why is the $2 Mio financing not closed?