Prom Resources Inc (PRMO)

[DC168]

I think management is doing all they can to keep the pps in 0.0001/0.0002. They are hiding lots vital information in the financial reports and fluffy PRs. For example they are reporting inventory at cost, instead of inventory tonnage and assay results. They are reporting operating costs, instead of production rate. They do not report estimated gold in inventory and estimated gold in the ground.

Normal mining company reports the estimated gold found in the ground, they are trading in penny or higher, even without any production. Because investors are interested in the market value of the company. With assay results and estimated market value, investors can bid accordingly.

PRMO knows all these things but they choose not to follow the industrial practice. They have their own agenda.