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Gold/Mining/Energy : Plata Mining Limited (PMT.A)
PMT 12.040.0%Oct 31 9:30 AM EST
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To: Baba 2 who wrote (37)3/4/1999 9:27:00 PM
From: Ulster1  Read Replies (1) of 68
 
Calgary PMT Rendezvous

Sorry I am taking so long to drop my 2 cents in reference to the Plata meeting in Calgary. My wife and I went for a brief holiday. First of all, the meeting was well attended, as extra chairs were needed to seat the crowd. It seemed that most of the attendee's were brokers and there were a few investors. Ron explained that PMT would receive results and reports back from the Threesome that went to Argentina. I would expect a news release from PMT by mid month. What I found most interesting was the fact the Plata might look at acquiring revenue generating assets. Only projects that were generating positive cash flows would be considered. As I understand it, the three were also going to be inspecting other properties. After the meeting I met some of the brokers that were in attendance. One of them (whom I now keep in touch with) told me that he was almost finished positioning himself, and was going to wait for some news to come off the wire before he would decide to buy more. He told me that PMT would probably have some news out around the middle of March. If I remember more details I will add to this summary. Any theories? observations? comments? This is getting interesting.
Later,
Ulster
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