The softening of the bulls in there sediment is a welcome relief, this thread on pgi was being to become the laughing stock of hotcopper. You had people for two years pumping the tyres of pgi only to see the share price fall 80+%. And these people remain still bullish, instead of being in the real world and understand pgi has alot of challenges to solve. People think the Chinese deal is a given. They haven't signed anything and can pull out of any hand shake deal with pgi at all time. Having an intention, doesn't mean it's executed like people on here claim. As for the import deal, that's been on the table for two years now, and still it's in limbo. What does that tell you? Talk about funding and getting rid of maq bank has been talked about for a year and as yet no other financial institution has stepped upto the plate? Improvement of plant has been alot more difficult than people thought, and now the company has downed expectations greatly and is claiming the LL ore is hard to process, so. Now the tech doesn't suit tailings ore. The whole existence of pgi was to treat dirty tailings and be profitable. Now there a change in direction to refractory ore bodies only
PGI Price at posting:
3.5¢ Sentiment: Sell Disclosure: Not Held
(20min delay)