I agree Moneytree, I estimated PVDs market capitalisation today at just over $9 million Aussie dollars. This just seems ridiculously cheap for a stock with long term speculative potential as you aptly described Moneytree, even if you take their cash position as $7 million or $15 million. It seems very little to zero value is being placed on the other asset plays, not to mention the 2nd free carried well in offshore Morocco is costing Freeport how many millions without PVD paying anything for it barring lease ownership reduction on cost overruns as I understand the agreement with Freeport???
Probably the O & G sector negative sentiment and the broader Aussie market has brought this SP down along with yesterdays news announcement. But even then these prices seem like an absolute bargain with the range of assets in PVDs portfolio and cash at bank. I bought a whole lot more today for my long term speculative play. One good news announcement and PVD wont be 5.6 cents per share any longer, long term patience and delayed gratification is now the key.
GLTAH and PVD stakeholders![]()
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I agree Moneytree, I estimated PVDs market capitalisation today...
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9 | 4820833 | 0.004 |
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Price($) | Vol. | No. |
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