InvestorsHub Logo
Followers 213
Posts 27268
Boards Moderated 3
Alias Born 03/03/2011

Re: EarnestDD post# 36552

Tuesday, 07/26/2011 8:07:41 AM

Tuesday, July 26, 2011 8:07:41 AM

Post# of 38161
I say we see a PR later this week or early next week. Look for Welch to inform us they have closed the deal on the Little Prince Mine; it is being prepared for mining operations and for an update on the joint venture with all three companies. AUM* had a good day yesterday as well up 13% so I would speculate as part of this operation their folks are aware something is brewing as well.

The change in operational focus has put the CEO in a position to talk about a laundry list of stockholder updates. No doubt by design, I am well aware of his history, but if he gets it even half right PMDP could be HUGH even with the current A/S.

If he carries through with his promise to updated corporate financials and related filings with an 8-K for the acquisition a lot of “new money” will hop on the train. We all know what 8K’s and acquisitions can do for a CEO trying to “grow” his business.

I also expect announcement of some names of projected offices and directors. I wouldn’t be surprised if they will bring Richard Fesiuk and Michael Lee on in some capacity. This would add credibility and provide impact for both PMDP and AUM*.

Finally it seems that share reductions are in vogue right now, so I would look for a announcement of future changes to current S/S. Welch could afford to retire 25% of the A/S without interfering with any of his plans to fund operations.

All of this is JMHO and I am still in the process of conducting my DD.