The question du jour is: How much of the Pangea cashout gets redeployed back into the junior sector? I know I will, but I'm beginning to sense that I am a very atypical investor in this sector. Most PGD holders, even those active on the thread seem to be dabblers. If some gets put back though, it would seem that the quality names might benefit. I've posted the question on the PGD thread, and we can see if there are any answers.
I see the African players (DROOY, MOY, NSU, TNX, TNX, RANGY, IMG, ARQ, SFO) maybe getting a little from this group of investors, since they are comfortable with the region? I also think ABX's comittment there gives the region more credibility. Besides the names listed above there are some real sleepers operating in Africa. How about Channel Resources? A pretty decent situation, as they've made discoveries and are being financed by Placer Dome. A tiny market cap too. I know you've emphasized the western hemisphere names, so food for thought.
The reaction from the rest of the junior sector Friday to the PGD deal was muted at best. That was disappointing to me as my instinct was to look for spillover. But, nothing. Maybe the next one: FGX ?, BAY ?, MOY ?, MNP ?, GBG ? Others?, will spark it? The Cambiex deal was just a share swap merger of implied equal values. That's not going to do it. |
