Wednesday, November 21, 2018 8:31:58 AM
Are we really to go from the most undervalued of the sc72 group to the most overvalued??
Pxp. Is also not the best benchmark to compare to as they also have a working well in Peru under their pitkin subsidiary.
Apx also has their gold mines besides their 30% of sc72. If anything, you want to be conservative and compare it to an apx minus their value for a gold mine.
When forum was traded as a whole in the aim market it was ridiculously undervalued compared to pxp. The argument was that the aim market was hard to trade or buy into so they d listed it from there so pxp can do their own valuation model and price it's equity higher only where it counts in their best interest but not to do the same with fecof, also for their best interest again.
Lastly it seems seems there wasn't a solid joint exploration pact and just an mou agreement in place which is a big step lower then what we hoped for and what slipped from the govt official before the announcement when he said "no deal. With sc72- not sc72)
Pxp took a big hit for this reason . Hopefully they figure it out real soon or just go without china. They need some us battleships stationed there again in my opinion. They need a us naval base there if they know what's good for them!! That balance will help this move forward.
Time is against us and could be an excuse to dilute again many months from now but bringing reporters attention to this as we are working as a group is promising besides yesterday's step back/delay.
All this talk about Dennis Uy is premature!!! The deal he made is Tentative" which means it only goes thru when exploration is agreed!!! So don't get over excited about it or hype it up as more then it is. It's tentative because it's not a sure thing on joint exploration just yet like some of you are acting.
I'm still long. I have no choice really. If I was to sell my 4.5 mil shares I'd send it crashing to .003 before getting out with an average price of garbage. I'll just sit and wait out for a progressive outcome and deal to come.
Gita
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