Kaiser says Peruvian a top-priority buy
Peruvian Gold Limited PVO
Shares issued 14,227,466 Jun 10 close $0.55
Fri 11 Jun 99 In the News
John Kaiser, writing in the May 26 Bottom-Fishing Report, says Peruvian Gold may be a ringer for an Internet play and a top-priority buy at 51 cents. Mr. Kaiser recommended the stock as a low-priority buy in December, 1998, at 48 cents. The cash-rich ($11-million) has long been the target of Robert Atkinson, who now has a 30 per cent interest through open-market and treasury-stock purchases. Early in 1998, Mr. Atkinson made no secret of the fact that he thought Peruvian's cash would be put to better use besides drilling holes in South America. In the current report, Mr. Kaiser says the market thinks management will continue to fritter away the money on mineral plays or some boring industrial acquisition. Indeed, a summer make-or-break drill program is planned for Silvertip. “I haven't been told Peruvian is looking at Internet plays, but I cannot imagine a shrewd fellow like Atkinson, whose empire is currently scraping bottom, would not consider this new road to salvation and riches,” Mr. Kaiser writes.
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