InvestorsHub Logo
Followers 15
Posts 3671
Boards Moderated 0
Alias Born 07/23/2011

Re: Multi-Pennys post# 136

Friday, 09/16/2011 10:20:33 AM

Friday, September 16, 2011 10:20:33 AM

Post# of 854
Well so far that was a pretty minor pat on the back from the markets.

Before the restructuring (which included acquiring the rest of Wellgreen) Prophecy Resources had held cycling in a 0.90 to 1.10 trading band.

Now not much has changed actually except time and the markets in general, further advancement of Mongolian projects, and giving out 45% of NKL/PNIKF. That last one seems big, but not really if it you counterbalance the retained 45% with how much lower Wellgreen was valued before the restructuring, with NKL/PNIK even dropping to the 0.60s-0.70s briefly after starting to trade.

So I have to ask, what is keeping this at this level ? The markets in general ?