drill results to be announced soon?, page-56

I sold my shares when it was at 60cents (same as the placement price) and kept the options.

My take is that we are now just waiting for the drill results. Honestly if the drill result yielded visible gold (which you will need to indicate a massive pay zone) the share price would not be sitting below 50cents.

The share price went to about 68cents on anticipation that drilling was underway and about 3 weeks later the momentum now seems lost. Going by the BGF report if there is strong indication that this is a big pay zone you would expect this to be nearer to 90cents.

While the stock is illiquid (both buy and sell side) but 3 weeks ago the buyers outstripped the seller ration by almost 5:1.

If this is a goer still have 40,000 options from the placement but the odds of PRA paying big is getting smaller and smaller by the day (just my opinion).