Monday, April 23, 2012

PPG.V Prosperity Goldfields now officially merged with SSH.V Smash Minerals

Could this mark the start of the merger craze in the junior resource market? Let's face it, there's far too many companies out there fighting for the same dollars... investors just aren't biting anymore because so many stories are alike.

This Merger between PPG.V and SSH.V is a perfect example of how the market will naturally correct itself over the next couple years (in my opinion).

You have proven, successful management in Adrian Fleming (who discovered the white gold district as CEO of Underworld Resources, which got bought out by Kinross) and you have a new gold discovery on Prosperity's Kiyuk property that needs "to further define and expand upon the three discoveries made in 2011" quoted from their recent news release

Why is now a great time to be involved with this company??

1) Expecting Drill results from this spring season's drilling on the KIYUK property. They even said in their news release that the results will be out before the end of April!!

2) over $5m cash leaves them well positioned for an extensive exploration program

3) Steady news flow and results is expected throughout the summer on both the Kiyuk property and SSH's original Whiskey property

Time will tell how this story unfolds... I will update everyone as we get closer to drill results!

Looking forward to hearing your opinions.

As always, please refer to the disclaimer at the bottom of the page, and always do your own research!!