PRE 0.00% 6.0¢ pacrim energy limited

The bank interest rate looks good at the moment tho doesn't...

  1. 830 Posts.
    The bank interest rate looks good at the moment tho doesn't it!!!

    I still hold by my inital reason for getting in.

    Testing 7 zones in a prolific region for gas and condenstate (1tcf).

    We aslo have some gold!

    all for 2c, some risk but could be a multibagger.

    Just because the share price has gone south doesn't mean that there is no gas. I have been following oex over the last couple of months. What they were releasing to the market was similar to PRE. There share price dropped from $1.10 on the 16th of june to 84c on the 1st July. Then they released on the 2nd that they they had 180bbls a day flow. Suddenly the share price opens up at $1.05! There was no leaks and the market told them nothing. I didn't have anything in OEX even though I knew what they were saying was good. Chart below.
    Image and video hosting by TinyPic

    So bascially I beleive the goods are there, I'm not worried about the noise.
 
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