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gharma

09/16/11 10:20 AM

#137 RE: Multi-Pennys #136

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 ?