Having been a holder since the Ark got caught in that storm, I have seen a lot of announcements that have been a waste of print.
Realistically, if this announcement is about the sale of Old Pirate and Buccaneer, what value could PRX expect to get out of that sale? I am just intrigued as to why a trading halt was necessary. That usually indicates something of significance. Would the sale of those deposits be that significant to warrant a halt. Or are they flogging off a large chunk of their leases to a joint venture partner or another big player? It seems all a bit strange to me. Anyone have any other ideas.
Good luck to all holders
Paddy
Ann: Trading Halt, page-9
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Mkt cap ! $6.353M | |||
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