Prom Resources Inc (PRMO)

[DC168]

It make business sense to sell gold weekly or bi-weekly. Take advantage of currently all time high prices. Although gold may go up to $1500 to $2000 in future.

Mining operating cost is ~$550,000 USD monthly. Need to sell more gold to keep the business running. Also gold sitting in inventory cannot benefit shareholders. Especially PRMO does not disclose the details of inventory. It is an unknown to investors. No value to investment world if no one knows the market value of the inventory.

Management is selling minimal amount of gold. They have their own agenda. It is a mystery. IMO.

May be they are hoping for big contract to sell 250kg / month. Or may be they want buy out or partial buy out, which will benefit preferred share holders/principal/management.