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Gold/Mining/Energy : Peruvian Gold Ltd. PVO
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To: D.M. who wrote (675)3/27/1999 1:54:00 AM
From: Robert Dydo  Read Replies (2) of 892
 
In theory that would be a positive thing. Bradstone is spending money on company I have few shares in. Obviously they have a reason for it and they call it an investment. Their plan is to make money, what is the way they want to accomplish this, puzzles me.

I have read recent Bradstone's quarterly release stating that they are very happy owning PVO. They have said that PVO has ceased all the exploration activities and is looking hard for acquisition. Judging by the conditions PVO's money can buy much more than a year ago. Since that time PVO was already looking for new place for their funds without success and with Bradstone's intervention. Maybe this move by Bradstone right now is signaling that acquisition is around the corner?
Acquisition which would make them happy.

It is worth noting that if in fact PVO is not exploring I would doubt that they would spend money on grass-root properties. This may suggest even changing the business orientation which has happened so often lately with juniors. Furthermore I think that acquisition would be potentially a source of revenue in short maybe a medium term. Following this reasoning, resource sector leaves little of option but gas and oil to make it work. Kaiser's suggestion probably evolved from this approach.
If this would be the case PVO shareholders would have a reason to cheer and Bradtsone is very big shareholder indeed.

I guess we must wait for the situation to develop yet.
Regards
Robert
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