My rough calculation of pve exploration expenditure since listed on ASX 2004 about $0.60 per share !
It would have been a good company with pretty good discoveries rate. However because of the regulatories delay of the Italian ? Which in my opinion has destroyed PVE ! Therefore the only logical thing to save this Co is to sue them for compensations even if it has to sell all the assets providing there is a buyer? To do it.
Otherwise there is no way out but down the drain ? Unless they can attract some China men with cash to take over it which in today's environment seems unlikely ?
Good luck to holders. I was out with 90% loss !
It really surprised me that they still doing explorations work even though no chance of producing !
Other companies nearby seemed to have the same dilemma like PVE ?
PVE Price at posting:
2.5¢ Sentiment: Sell Disclosure: Not Held
