fedexpress

FedExpress, you are a sensible poster (particularly on other threads) and you are generally right with your assumptions of PKT... (here comes a big qualification...)based on what has been released via company announcements - which has been very limited to date. HOWEVER, it is possible to obtain further information if you do some more work, which Bluegoose and others have obviously done.

When Bluegoose said "Meeting on Monday to approve acquisition of highly prospective tenements in SA (close to Marathon's Mt.Gee) and QLD with good HISTORICAL RESULTS." ... he was absolutely correct. He never said that they had drill results specifically on the SA tenements.

They do have historical drill results from the QLD Tenements:

"Springvale - Exploration within the project area has been limited to nine stratigraphic holes drilled to test
radiometric anomalies in the Springvale area in 1972. The holes intersected the Toolebuc
Formation and gamma ray logs were well off the scale. Samples recently taken from the Geoscience Australia library core at intervals showing high gamma counts were found to contain significant uranium."

Another thing to consider is that at this point, PKT are not necessarily obliged to release every piece of information they may have on the tenements. Adavale is and has been a private company with no public reporting responsibilities. They may have more of an indication of what is in the ground than what has already been released... time will tell.

I think Bluegoose's confidence in PKT may have come from his research outside the company announcements. I don't think he was ramping as he is a well-respected poster on other threads... perhaps he was just trying to give people a heads-up.

Like most ascending stocks, there may be some resistence / consolidation around the 10 cent mark, but as PKT are likely to have plenty of news to roll out over the coming weeks and months, I would not be surprised to see the share price keep going as many believe will be the case.

You make your own luck.