grossly oversold, page-28

My thoughts, miltiadis:

* Any stock on the ASX has life in it- PIR has just become aq different stock than it was- from an "it" stock that rose like crazy (perhaps too hard?) to an "isn't" stock that has come to the real limelight due to its drastic falls. Comparing with other stocks with such falls, CRE had financial problems, but not gold grade problems, NMS had financial problems, HST has had financial problems- is it better for a company to have financial problems or fundamental problems like grade problems? The market is still determining this with PIR- an upgrade to the gold quality can rerate it- as for now, it is what it is

* PIR can't completely be compared to other stocks with the same grade, because disappointment and confusion have to be factored in with PIR. Emotion is just as important in the ASX as is fundamentalc analysis, and it's hard to put a price value on PIR now. Noone's made any money on it over the past week, and day traders, for whom a stock like this is their bread and butter, have also been burned. A stock like COF crashed and burned (financial problems), then seemed to settle, but then fell further. UML had problems, fell from 13c to 8c, fixed some problems, rose to 12c, but is now 10c- all within a space of a few weeks.

Fekola will, if the results are decent, bring back some "value" to PIR's SP, but again, the expectations will be high, and if that disappoints... Also, noone knows when they will be released. MNaybe shareholders can talk to the company and find this out- it would save a lot of shareholder money, in my opinion. Also, I am not sure that the disappointment has *entirely* been factored in to PIR- yesterday was bullish on the markets in general, but around another week will provide further guidance. There's no point in any of us being fortune tellers- the market is bigger than all of us.