If one had the guts PSA must be one of the best available speculative buys on the ASX. Its a BIG IF but just say they could get the go ahead in Yemen in the next 2 month and then a further 4 months to get production going. In 6 months time they could be getting $2.8m/week. So in 6.5 weeks they could earn equal to their current m/c of only$18m and they also have $3.2 cash. The mind boggles at that quick off the cuff calculation?
PSA Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
