big fat heads up..., page-19

T4p or any other follower,

Why is PSV dead? I was reffered to this stock by a friend, and have just had a quick glance over the quarterly. They have cash, are producing(it is hedged but still profitable) and have good tennements. Yes production is down, yes they did do a placement @ 15cents with a free attaching option, but surely when the second tranche is authorised from the GM on the 24th that you would think they would support the stock? The stock has been smashed, but surely around the 10cent mark (from 40cents in months) with a $80mill market cap (25mill in cash roughly) that considering the production how much further can it go down?