absolutely friendless!!!, page-12

re: absolutely friendless!!! - jocam sushi said

"So as I said before the market thinks there is no future for the company and the biggest reason for that is the rinky dink program of not informing the market and shareholders of what is going on at the company."

These are interesting comments. I personally do not agree with the first half, but I do agree they treated the sh'ers/market in a 'rinky dink' manner (what a great expression) and now they are paying the price.

Sentiment is flowing against them for sure, but fundamentally the cashflows are strong, but I would like to see the coffers build up with cash again before moving on to the next drill (although the next drill will be from the same platform, so no need to spend another US$8M again hopefully - the economics of another successful discovery at Vermillion are far better).

These are interesting times for PSA - is the tide going out or is it turning? Personally I am holding on to me, but I have had to find new reserves of patience.