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Re: drwilson post# 64086

Thursday, 07/30/2009 11:31:09 AM

Thursday, July 30, 2009 11:31:09 AM

Post# of 165875
I am not sure the catalyst that will tie value on the minerals to share price. I really don't think the result would be any different if the results would have been double.

The issue is folks were looking for a particular reaction in the stock price that they didn't get so they sold.

It took 86 million in volume to get it up from 8 cents to Fridays closing price and only 35 million to bring it back to 8 cents.

Those numbers tell me we haven't yet been discovered or significant investors don't care at this point. There has been very little bid support in the fall. If in fact there were big investors waiting on the sidelines for the NI report they certainly haven't been aggressively buying in its fall. If our results were 5 billion, 12 billion or 50 billion it is not clear that just putting out a compliant report is enough to bring value to the PPS.

So the point seems to be no one really has a clue on how to value the company at this point but someday there will be a customer who wants those minerals and will pay for them and the value will be much higher in my opinion at that time.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y