Gavwes - absolutely correct in everything you say AND I would add that this time round it was a bit of a sucker punch in terms of what happened in the previous hole's pre run up didn't materialise and so there was little chance of reducing exposure and taking some profit leaving a smaller amount to target result AND pcl were free carried. The outlay in this hole is the first time pcl has basically put the Co on the line.
Then good old NEN showed starkly to any new comers what a dud means so more pressure.
consolidation must happen if sunbird a dud
This is also showing that waltzing with the big boys is tough business. PCL deserve a good outcome for identifying this area WAY before the rest but will they be lucky - I hope so
PCL Price at posting:
4.9¢ Sentiment: None Disclosure: Not Held
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