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Gold/Mining/Energy : Position Trading in Canada

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To: Ward Nicholson who wrote (2021)2/1/2000 9:08:00 AM
From: Syncrude  Read Replies (1) of 2259
 
(OT) Ward re PDG,

While not supported by technicals perhaps, I would suggest that you keep in mind that an important prospect for PDG is the Las Cristinas property in Venezuela. New mining laws have forced companies to re-file for concession rights, and some are of the view that PDG will not be successful.

Whether this view is correct or not (don't want to start a Crystallex debate!) this MAY explain some of the weakness in the stock, combined with some uncertainty surrounding the South Africa acquisition.

If you feel that the POG will rise(which I can't see on a sustainable basis, given the ample supplies in the market)would you not consider another senior with less static surrounding it?
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