Plenty of reasons to sell, early investors are entitled to risk-off when they got in early. Todays solid drill results resulting in reasons for long term-ers to buy. The six reasons that spring to mind are:
1) Currently they are 6 years from production, and need $750m CAPEX. 2) Presently they have no MRE 3) No agreement with local CRE nation 4) No cash as yet to fund general company business 5) There are investors sitting on massive profits on the TSX (have look at the PMET 12 month chart) that are being sold into the ASX 6) The 12 month share price target has been hit by (insert broker).
Good day for many, even those who paid $1.10 on the opening day when PMT listed.
GL holders. Lets keep discussion to the stock.
PMT Price at posting:
$1.09 Sentiment: None Disclosure: Not Held
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