hey Iceman, sorry for the delayed response to your original post...

hey Iceman, sorry for the delayed response to your original post i dont read HC much anymore.

whilst the current shareprice is dissappointing I do not share your concerns for the longterm outlook for PYM.

If you read my last post you would have seen i am still buying more shares as the price dips.

Furthermore the key investors who have put in millions would not have done so if the potential here was limited.

The difference between our outlook and yours is one of time frame.. we are in it for the long term. As has been clearly stated in the company presentations the goal is to create a $300-500 million Market cap in 3- 5 years... at the moment we are only 18 months in. Rome wasn't built in a day my friend!!

Re the last quarterly report, yes i would have expected to see an additional $200,000 revenue from the 1st Raven well which was reportedly set to produce at $70,000 per month net to PYM for Oct/ Nov/ Dec.... however you may not be aware that it often takes two months for these sales to be receipted and money in the bank. So that means next quarter should reflect this production in arrears. The second Raven well which shuld be a higher producer than number 1 is due for completion end Feb/ beginning March.... however these revenues will most likely not show up till after April/ May.

there is no doubt the company is acutely aware that the shareprice has to be well above 40 cents by June so that all the options are exercised and they receive $17 million... so the drilling program for the next 5 months will be crtitical.

it is very easy to be critical of any particular stock at this time... all 15 in my portfolio are well down on 3 months ago, however the fundamentals for each company have not changed significantly... in fact some have improved yet their price is still lower!! Go figure!

The USA sub prime induced sell off and this overall market correction which has changed sentiment towards both blue chip and junior stocks will not last forever so whilst others are panicking its probably not a bad time to get yourself set for when things change 'coz i can guarantee you that the day PYM announce they have achieved $1 million revenue for the quarter the shares will not be still sitting around 35 cents!!!


hey Neil WA .. thanks for your posts and info on BUR i have stepped in there and bought quite a few this week, and will buy more if it goes lower. unbelievable at these levels.

cheers C U