For frustrated PIO shareholders, page-142

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tallplumber

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736

15/06/18

15:01

Post #: 33739459
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Originally posted by Quiono ↑

Fans, sceptics, trolls and ZZ aside, the SP is exactly where it was a year ago.

The C's story is a good one, and not many explorers have a better one to tell. So, why is the SP languishing?

Is it that the market doesn't believe the story?
The market has no confidence in the management to deliver on the story?
The market hasn't heard the story because it hasn't been disseminated effectively?
The information vacuum and lack of transparency about the project has kept those with deep pockets away?

IMO All of the above in varying degrees.

We are now halfway through June with a project that is supposed to break ground next month.
We don't know the final size and grade of the resource.
We don't know when/how much the revenue stream will be.
We have no idea who is on the other side of the trade.
We have no clue what the peripheral minerals are worth, or who we are selling/marketing them through.

I have held on this long because of blind faith and a list of (supposedly) quality projects.
But, even the cheer squad have got to be wondering about the professionalism of the people in charge.

In short, the SP is where it is because any fund manager buying this stock would get laughed at.

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GREAT POST
Spells out what a lot of us who dont post much are thinking !!!

PIO Price at posting: 2.0¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

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