PSL 0.00% 1.5¢ paterson resources ltd

I will be happy to get half of my original investment back as my...

  1. 153 Posts.
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    I will be happy to get half of my original investment back as my buy in price was 2.1 cents around the Pilbara Cong Gold hype, have already cut my losses on half my holdings and got burned badly. Just one thing to be mindful of is given that the Vanadium sector is running so hot now with the increase in price and expected demand why did the Argentinians want to sell the mine to Hardy for shares and a little bit of cash? Surely they could have developed themselves or even just converted the stockpiles to cash and shipped off to China or where ever? Need to exercise caution for those new comers as like myself there have been many burned here by this management, just my humble opinion and interested to see where this goes given the huge dilution holders are facing once this deal is approved by shareholders, cheers BernardF
 
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