gottalovevmt: As you do know, I am a longterm holder of PCL and strongly believe in a bright future for this stock.
However, at the moment, "the market" is predicting that the current drill will NOT be successful and "the market" is also assuming (probably correctly) that in such a case PCL will have to look for new fundings and at a very low sp level, which would add to further downside pressure on PCL's sp. Hence, the 4c shareprice currently, which "the market" does not see as "ridiculous".
I find it at the very least VERY SHORTSIGHTED, as PCL will be carried free of charge in NAMIBIA to the tune of more than its current market cap - and by one of the best operators, TULLOW, that was eager to get their hands onto PCL grounds in the Walvis Basin. But that action (first drill) will of course be almost a year away and "the market" seems NOT to be able to think forward much more than a few weeks perhaps??
All JIMHO, and as so often, I could be wrong.
Comments most welcome as usual.
wasa
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $113.8M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.4¢ | $45.92K | 3.099M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 9564233 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 555171 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 9564233 | 0.014 |
9 | 2895668 | 0.013 |
11 | 7636666 | 0.012 |
8 | 3222544 | 0.011 |
4 | 2250000 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 3580283 | 10 |
0.017 | 4347318 | 6 |
0.018 | 7374008 | 7 |
0.019 | 4745964 | 8 |
0.020 | 2273803 | 7 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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