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Rizzla, while I agree that they should spend some serious time updating the presentation, the story has not changed dramatically, which IMHO is a good thing. I would hate to see a change of direction. They should stick to their long term plan no matter the SP fluctuations.

If I may ask, why do you see PVD as a sell now? Surely that sentiment would be more logical whilst the SP is at highs that are perhaps not supported by 2P reserves or future deals/news?

PVDs market cap and cash now means that its assets are barely worth anything. Surely that is the time start taking a position, not selling? With Gabon still progressing and Madagascar simmering slowly, the company is doing all it can. I am not blind to the salaries these guys are paying themselves. I think they should tone them down a bit, perhaps a 10% cut just to show holders they are aware that the SP has not appreciated... while their pay has.

Whatever the case, I have started to add some PVD shares to my portfolio. I will hold for 12 months at least.

(I already hold a small parcel from last year with an entry price of $0.40).