"Crossing the Rubicon"
As Julius Caesar said in 49,"alea iacta est", and that is the end of the story. Now is the time that will determine who will follow and who will hesitate. Rome is there if we have the courage to seize it! We move into summer slack time with nothing really significant that is going to move the Share Price. Anyone who has followed this stock realized long ago, that it does not move on company specific fundamental progress or "news".
The GDXJ has resumed its collapse and is now down more than 70% over two years. Further decline through the summer is expected and it may reach 90% with capitulate selling in the next three months.
This of course may mean that we could see single digit penny numbers for PTQMF. The company will survive these times and remain profitable. The management team, that is strongly supported by the majority stockholders, will continue to develop the company.
The weaker links and underfunded investors, or those lacking intestinal fortitude, will moan and cry and eventually sell for pennies on the dollar, and slink off into history's dust bin. Others will assume the risk and continue to expand their holdings until appreciation of value and growth returns.
While one is probably not happy with the Share Price, there is plenty of room for optimism about the company and its future.
We are a profitable producer, with very low costs. As others in our sector close their doors, and let their stock drop to zero, will just keep producing a profit and expanding. I like the long view taken by our largest shareholder, Sprott et al last week:
"Is the financial crisis in the Western world over?
Have the G20 countries balanced their budget?
Did the commercial banks manage to become solvent?
Are interest rates positive or negative?
Is a global competitive devaluation to increase exports still ongoing?
Is the European periphery still financially challenged?
Do the Asian countries still have a cultural affinity with precious metals?
Which are the U.S. budgetary issues and solutions?
Are the derivatives from large banks still a problem for economies and client portfolio’s?
Can liquidity solve the issue of insolvency?"
Those who trust their judgement will continue to expand their holdings, those unsure will sell and move on, those who are clueless and ignorant will just continue to do nothing but rant against our company and its management team, which of course has nothing to do with the price of our shares, and will have no effect on anything, except their own misery and blood pressure. Time to just sit back and let the world move on if you are confident in yourself and your investment choices. Come back in 2014 and things may be looking up. Next goal, let's get rid of all these warrants at the end of 2013!
AI
