Hey hey Chotachetam !!!
Nice one.
& Sorry, i didn't see your earlier msg to me on PIO until just now
Welcome to PIO. I it's one of the best explorer opportunities around. I jumped in big time in Feb. top 20. Maybe top 10. am pumped about its potential. It's been around for a while so understandably a lot of people have just lost patience. And mgt get a little trigger happy on announcements so that can, and does, fry your brain with anticipation that never eventuates.
That said, its weakness is also true of its strengths eg. Having been around a long time, they have great tenements, Networks, And understanding of the industry. And knowing how to stay alive is key cause eventually you're going to land something big. And are cautiously building capability.
Some critical self funding will arrive over the next 6 - 12 months from Caesium. This will differentiate PIO from majority of other asx explorers. And provide a credibility test. And then they are moving to a focus on cobalt which is a great strategy for now and will be of great interest to investor community. Drill results on the cobalt compare well to others in the money, and looks like it could be a reasonable size
Remember, this is an explorer. Manage your expectations. The volatility means nothing. The market cap is key and only swinging between $30 -$40m. There are a few out there that have started thinking of this as a producer already and understandingly letting expectation in and mess with your head
It's a medium to long term hold for me.
Easily could be a solid 10c to 15c by May next year, but remember, it's an exploration stock which makes it a beast psychologically
FAT prophets are a fan
I will be buying more in the next few days at these prices
Great buy!! Nice one
Cheers
Pez
