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JWB1985

4,018 Posts.

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22/04/15

12:06

Post #: 15133173
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Originally posted by TheBanker ↑

Not so ridiculous when you look back at history. Forget the preso out today because that only focuses on what they have done since diluting the crap out of longer term holders and being 'unlucky' as you put it with everything over that period. Major shareholders selling down ain't a good thing. The sale of an asset being spruiked as 'successful history' of adding value to assets is a also a bit of a slap in the face. From this point onwards however, yes the future is brighter but as i see right now it's the same old story until the market puts a premium on management's ability, the assets they hold and cash flows they are generating. A document trying to justify the undervalued sp won't get us too far I suggest. We all know the story. In the meantime sounds like we have an update coming on another well in the next week? Fingers crossed.

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There will always be spin, but they're trying hard IMO. Was impossible to turn the ship around after the big dusters a few years back without dilution unfortunately.

Sounds like you've been stuck in PYM a while. Hope the SP goes up soon for all of us.

PYM Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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AGM, page-9

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