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Gold/Mining/Energy : Platinum Group Metals (PGMs)
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To: Ptaskmaster who wrote (393)6/10/2000 7:12:00 PM
From: Bob Howarth  Read Replies (2) of 529
 
I think that if there is anything at all to the belief that there are large reserves at StillWater, and that legal claims can be made to them by SWC, and the East Boulder drilling actually hits something that resembles the reef that is supposed to be there, then some large mining company will take a shot at buying SWC. I am really hoping that an SA PGM company will buy it and use the SWC AMEX listing to stay listed in USA so we can just convert SWC shares to the new listing. This offers acquirer the chance to offer a lower initial price in SHARES (not cash!) which can then appreciate substantially after purchase. This would allow institutional investors to get a PGM pure play that was really global but trades in USA. Good luck to fellow longs, and sure hope the SWC assets are for real!

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