PNN 8.70% 10.5¢ power minerals limited

Ann: Drilling Commences Curnamona SA Iron Ore Pr, page-13

  1. 78 Posts.
    re: Ann: Drilling Commences Curnamona SA Iro... Well V8, re "I've done my research, placed my bet, lets see how the cards fall."
    Not sure how far your research goes back, but 6 yrs ago this stock was high $2's, at least $2.80 & I recall may have hit $3 at one stage as I traded some and made some modest profits? I even received a divvy once, 50c per share!. Then the proverbial hit the fan... Sadly my av cost now is $2.70, not worth selling at these prices so in the bottom drawer with other pre crash cot cases :(
    So, back then I think the market cap was around $150 mil, maybe lots more ?? Now share price is 5 cents, lots more on issue due to cap raise etc, and m/c is around $6 mil, more development & resources etc, 2 directors hubby & wife still getting well paid, with all your research what do you think has happened, and why are you optimistic for a '100 bagger'. Sure hope you are right?? Or are you a day trader and ramping for a quick buck?
 
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