I'll preface what I post about PRU by providing some price information about FMG which made a 100 bagger seem no big deal!!
In October 2004 FMG was 8.9 cents. After adjusting for the 10 for 1 issue FMG peaked at $131.50 in June 2008. That's more than a 1,400 bagger!!!
If you study the history of serious gold bull markets in gold and gold equities you will see there are always quite a few gold companies that rise in price by a multiple of 50, 100 or even much more than that from their lows.
Last November PRU hit an absurd panic low of 20 cents.
PRU imo has all the ingredients to be a massive bagger such as:
1. Proving up large quality world class gold deposits in the multi millions of ounces in more than one country.
2. A very active drilling programme with a constant stream of good news.
3. Regular overseas broker share price upgrades.
4. No issues obtaining any finance needed.
Now imo all we need is the gold price to rise to a level that results in a stock market boom in gold equities and I believe there is a strong chance that PRU could reach prices that very few here even consider possible.
Prices that would make suggestions of $4.00 or $5.00 look worse than ridiculous.
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$2.35 |
Change
0.030(1.29%) |
Mkt cap ! $3.228B |
Open | High | Low | Value | Volume |
$2.32 | $2.37 | $2.29 | $6.953M | 2.966M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 211468 | $2.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.37 | 61323 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 20600 | 2.350 |
1 | 8415 | 2.340 |
3 | 16997 | 2.330 |
2 | 10570 | 2.320 |
1 | 8415 | 2.310 |
Price($) | Vol. | No. |
---|---|---|
2.370 | 12625 | 2 |
2.380 | 18119 | 3 |
2.390 | 10530 | 2 |
2.400 | 14661 | 5 |
2.410 | 17851 | 3 |
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