i am no expert in working out MRE but what i found funny is the market willing to pay upto 150M$ MC at high of 49c before last week ann and now suddenly market is happy to keep selling it down at 80M$. CR fears exist for all small caps and stock drop in anticipation but not 50% drop from recent high on back of good results. company cash balance is poor and they are loosing whatever leverage they had by the day. this is not playing out like MTM there no strategic investor eager to get in as it would have been done by now. company has great resource no doubt but i will now look to get in when CR is done as inevitably the SP will drop every day
PTR Price at posting:
27.0¢ Sentiment: None Disclosure: Not Held
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