Peruvian Gold Limited
PVO
Shares issued 14,227,466
1998-12-09 close $0.47
Wednesday Dec 9 1998
John Kaiser, reviewing his 100 recommendations for 1998 in a Nov. 18
Bottom-Fishing Report, says the object of Bob Atkinson's affections, Peruvian
Gold, is a low-priority buy at 56 cents. Mr. Kaiser recommended Peruvian in
December 1997 at 80 cents; earlier buy tips date to November 1994 at 77 cents,
and in December 1995 he liked it at 90 cents. Mr. Atkinson mounted a hostile
takeover, apparently to put Peruvian's $11-million cash position to better use than
drilling holes for a depressed metal. The B.C. Securities Commission torpedoed
Akie's supposed cash-vanishing act but his Bradstone Equities Group joined the
board. Since then, president and survivor David Henstridge has been carrying out
modest drill programs on a couple of Peru projects. Mr. Kaiser is wary that
Peruvian may acquire oil and gas interests, fearing it may spell the end of the
company's cash. On the other hand, he adds, perhaps such a move will be good
for minority shareholders. |
