PV1 6.25% 3.0¢ provaris energy ltd

will tte's sp go even below the cr pricing?, page-5

  1. 516 Posts.
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    Hi Wasa,

    Like your posts!

    I don’t know about the word “baffling” that you have used in your post though, as we are all reasonably aware of some of the reasons why the sp is where it is right now. I would use the words “disconcerting” or “disappointing”, but maybe that would even seem a little mild for some. ?

    Brokerage is the only thing standing between buying the rights and buying at market. Not much immediate joy for long termers if it goes lower as it only adds to a loss already incurred by most and if they choose to do neither, their holdings will be diluted anyway.

    They (the company heads) need to find a way to trigger some positive sentiment to induce some buying. According to their presentation of 12 December 2013 the project they intend to start first will be Perry Ranch as it is fully funded. I would have thought it would be a good move to make an announcement on progress and hopefully keep things on the boil as there has not been an operational announcement since that date.

    So, at this stage, we seem to be left hanging somewhat with a languishing share price and considering all of the above it does not engender any warm fuzzies.

    The above is only my opinion FWIW. Each to their own medicine.

    Regards.
 
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