FRB
Welcome on board FRB.
I have been in PRE since mid 2007, I think. So much has happened in the market over the last 2 years that I can not recall exactly when I first bought them.
There have been a few pump and dump jobs done on this one over that time. Back then they were as much an oiler/gas explorer as a gold prospector.
I sold down last year to 300,000 at an average entry price of 4 cents. Decided that they would stay alive somehow and that I might get my money back. Have added another 400,000 via the SPP so now have 700,000 at an average of 2.1 cents.
I treat this as a total spec with some upside if they can get to mine their near surface deposit like AAR did (they collected some $10m profit a while back for a 40,000 ounce deposit - I think).
Lets hopt for the best.
loki
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announcement out several high assays n/c, page-16
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