I must admit when I first starting "investing" in PRX they were just about to start production at Pirate which I thought was perfect for me as i didn't just want to invest in an purely exploration company but was happy with a bit of risk. I read all the documents ( as well as the Salt ,Bob & others comments on HC) and thought this looked like a promising company. We all know the disaster that turned out to be.
I have averaged down a number times over the last few years which probably wasn't wise in hindsight although PRX still only represents a small percentage of my total worth and with a decent announcement I could be positive again. I now own part of a high risk exploration company with the current management seeming to be working hard to do the best they can, to achive a good result for us shareholders. I still am hopeful of a brighter future and I am comfortable with my investment/gamble while there are so many JVs and owned potential deposits being investigated.
PRX Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
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