PRL 0.00% 4.1¢ province resources ltd

The problem with this current situation SVD now finds it self in...

  1. 165 Posts.
    lightbulb Created with Sketch. 141
    The problem with this current situation SVD now finds it self in is the way management handle
    the announcement of an obviously below expectation results ,it was done in a very poor way.
    Remembering that SVD has another 3 tenements further south right next door to another major gold player
    in FMG
    Now if they had split the results into 2 separate announcement one released after another, allowing the market to
    reflex on the situation at Pascalle,and then be enlighten by the prospect of Paterson south
    The impact on the share may not have been so great,This tactic has been used before recently with great effect
    The market has now has forgotten about the other prospects of SVD, making the Share price down by over 50%
    This company has money in the bank $2.91 M,61%managment owner ship and low shares outstanding 499M
    Giving huge potential in the future IMO
    i will hold and wait for managements next move
    DYOR
 
watchlist Created with Sketch. Add PRL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.