Ann: PMI Announces Interim Order For Merger of Eq, page-69

re: Ann: PMI Announces Interim Order For Merg... Stu.... ptre market trade... ONE only... 400,000 @.61.

Stu, I highly respect your intelligence and so am somewhat surprised at the extent of your obvious frustration at the current SP. I have come to accept a long time ago that the market turns its back on any Company that is literally not bombarding the punters with weekly upgrades. Certainly, during the exploration stage, when the first few upgrades occur, the excitement is overwhelming, particularly for a newbie. Then that Company demonstrates it has a marvellous resource and will be heading into production. At that point the excitement begins to fade and complacency sets in. Nothing short of a new discovery or a hint of a takeover seems to have the desired effect. I have ridden the KAR wagon for a few years now.... and that story eclipses PVM.... During KAR's journey, they had very positive drilling results (Oil and Gas). The SP shot to $12.00.
Here we are now, a couple of years later, they have delineated a massive discovery.... just a question of how much.... significantly derisking the project.... and the SP is circa $7.00

WTF??

STUPIDITY?....COMPLACENCY?.... APATHY?...SHORT SELLING?... IMPATIENCE?... who would know.... but I do understand why you are so frustrated.
My suggestion is to accept we trade in a market made up of all the above aspects.

Is PVM UNDERVALUED.... DEFINITELY!
Will the SP RECOVER.... DEFINITELY.... LONGER TERM.
Will Stu sell then.... probably not, because he feels they will still be undervalued.

I am not trying to teach you how to suck eggs mate, just airing an opinion... and I hope you take it with the good intent I am providing.