PSL 11.8% 1.9¢ paterson resources ltd

Ann: High Grade Gold Results Returned From Grace, page-33

  1. 789 Posts.
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    I'm connscious that they've announced another drill programme this quarter to follow up one just completed.

    Looks like their focus is only this.

    An acquisition may spread themselves too thin, looks like their hands are full enough with these tenements south of Telfer.

    Also very wary that they are low on cash here.

    These assays had better firm up the SP quickly otherwise the next raise will be lower than the most recent one at 5.4c.

    Can't help but think they are keeping their cards close to their chest. They don't give much away this lot. The quality of communication to shareholders can be compared to a steaming pile of dog poo though.

    EIS hole looks like a duster. Fine. I'm not worried about that. It was a shot in the dark, a shot that went 800m deep.

    Eager to see what these diamond holes produce though.

    Doubled down and bought a million or so more units over the past couple of months or so.

    Patience required as with many goldie juniors but it's being tested with this one.
 
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