Here is more info on PRMO so you will know where we are at now. It recently had a 200:1 reverse split so the BEST entry points were probably $0.0002 pre-split which is now equal to $0.04 post-split. After the split the price jumped up dramatically to $0.50 (momentarily so it is not shown in the chart which may say $0.40) but price has settled down to about $0.07 for now.
It seemed to me that some had inside info and were buying because it jumped 300% mysteriously at the end of one week and later went as high as $0.50 ...... so to ME that looked like a cue to buy more and HOLD.
Some say that people who paid the equivalent of $4.00 per share last fall ($0.02 pre-split) are still looking to make big gains (that is one of my hopes IF that is true). On a promotional web site and a blogger "Littlebride" have both mentioned $35 million in gold available now (whatever that means?). I hope it is dug up, shipped and smelted and sold (but we do not know yet if it is ready to be cashed or if it is in the river mud). I wonder if those who paid $4 ($0.02 pre-split) have averaged down and that is why they are happy? So most of us are guessing and hoping (imho). The suprise was that Dror the president had almost 300 million shares post-split and us shareholders have 5 million in the float. Rumor was that his main-man Gerry was buying back shares for a long time. Gerry worked in New York City. Dror "works the mines" in Madagascar and he lives in Thailand. So we hope that Dror holds off selling shares until the price goes up high (if it goes up high). Thus far, I do not personally think that dumping is occurring (I am GUESSING based on no education in this). I think we would be very happy if $35 million in gold was sold or in a state ready to be smelted and if they are shipping the 100 - 200 kg per month of what APPEARS to be about 89% gold material. Again, I am just an OUTSIDER who has been watching this stock for about 1 year and I have been in and out a couple of times but now I am a Long. I know that Crazyjogger can give you a better educated overview of PRMO. I personally believe Xuan and Littlebride who beleive this stock will go KABOOM....but that is an individual choice by me. I also wish Xuan an early retirement! Good luck WallStreetTrader! (imho)
