PSL 0.00% 1.2¢ paterson resources ltd

Ann: Company Presentation - September 2020, page-94

  1. 205 Posts.
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    It's a genuine treasure hunt, how exciting! Thanks for this research it made my morning.

    I haven't been in this stock for very long at all but ultimately what led me to buy in and take a punt is the risk is worth the potential reward, simply put.

    Obviously there's risks with any company this speculative, especially one that's changed hands five times. I don't know the BOD or management but if I was going to put my negative hat on for a second and assume they were dodgy, it's still beneficial to them if this stock does well.

    They put a lot of time int to get this thing up and running, they've invested money, and they're on close watch due to the company's history. Even if they were only here to sit on their arse and pay their own wages, you wouldn't do it straight away, you would build a reputation and try guarantee wage security for 3,5 or 10 years? I don't have experience running a dodgy shell company but I can only assume it's better to find gold than get in and get out.

    Just my thoughts, all IMO.
 
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