daytrades jan 5 afternoon, page-62

PSF

smart money got set from 5c

in anticipation to Ian Middlemas's magic acquisition

the big move today suggests a new porject is close

but I think caution is warranted

a project acquisition alone is not enough to justify the move from 5c to almost 20c

what they are doing with the project after is what matters

CPL & EQX didnt make their explosive moves on project acquisition ann

the subsequent project development did

so those hoping to make big bucks on PSF's much anticipated acquisition ann may need to reassess their risk position

has the news been already factored in current sp?

If so

I would sell on news & come back when a clear path to develop the project has been determined

just my opinion

disclosuure: holding small amount of 5c PSF + some 3c PSFO