PMA precious metals australia limited

Precious Metals

  1. 653 Posts.
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    PMA has settled its litigation with Westgold. The only issue is now what price the directors (one current, one ex) get their $800,000 worth of shares at. PMA has a guaranteed income of $500,000 per year or 3.3 c per share. If they can keep the running costs low then its on a very low P/E at the moment and will only benefit from any increase in the vanadium price. The stock is very thinly traded and I am tempted to buy small amounts to try and increase the price in the vain belief that with a higher price my current stock won't be as greatly diluted by the issue of 13M shares to the directors
 
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