Wasn't your truth just 1 post ago that - "They sampled how long their last voluntary suspension can go for last round, they will pull the same thing again this time but longer" and encouraged posters to "watch it"
So I guess this illustrates just how little you actually know ... because if you did then you would be guilty of not telling the truth them right. Just making shite up.
Raising capital in the present market has to be very challenging. PAM is "asset rich" (we think) but "cash poor". At least those directing the company are virtually working for shares ... either those shares become "worth something" when what cash PAM has been invested in the ground to prove up the next stage ... or shares are worthless and they have worked for naught as the project isn't going to yield the returns expected.
Everyone here - but for those posting with "Not Held" - would already know that (I hope). An exploration company is pre-cash flow and its source of cash is selling shares. What is so difficult to understand? The idea is that cash raised is invested into an asset that has potential to generate cash returns well above what you earn in say a term deposit because you risk that cash (which you dont in a bank) to earn a return that is 100%, 200%, 300% ... of your investment. It's called speculative for a reason.
PAM Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
