PRE 0.00% 6.0¢ pacrim energy limited

panic sellers, page-6

  1. 1,200 Posts.
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    That's very funny BH!

    The hole just keeps on getting deeper. I've almost sold at 1c, but then thought that from here I hope I stand to gain more than I could lose.

    I keep thinking, there was gas in the Worthington well. Sure, they messed up, and it may be a while before they can figure out how to access it from here. But maybe a lot of patience will pay off.

    And of course, the gold. They haven't fully assessed all the drilling, so there will be a higher JORC resource when they get that finalised. Further drilling is going to take a lot more money, but if the gas comes through then that is the ticket to realizing the gold at Redcliffe.

    And PRE isn't broke yet. There is $1.5 million, including the final payment for the non-US gas projects due before December. Still some upside, especially at this low mcap, for the prospectivity of the Redcliffe gold.
 
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