one of the problem why SP is not picking up is the fact that PYM currently has very little proved reserves on its book (so Patersons) and future funding needed when Company will require funding for future multi well development programme. So for higher production rates new drilling programm will be needed anyway. I guess cash will run out in the next year and may be in 2015 we will see some rebound in share price if godd results will be reported. So this is speculative buy.
PYM Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
