The stock has been pretty strong for the last several weeks. We are going to see some selling into the strength. I am sure investors are disappointed in how long it has taken to get news on the big issues we are all waiting to be resolved. I for one, was expecting to hear something much sooner than today. Why not sell now into strength and buy back in a month when we are closer to a final 3D analysis? We know it is unlikely WDS will do anything until that data is released.
As for Rik's comment on WDS not releasing news to keep Pancon's price low so that they can't fund another well, that doesn't make any sense, We are many months away from a first drill, and that is already paid for. The second drill is even further off, and by then the market will know that WDS has exercised its option and hopefully will also know some results from the first drill.
PCL Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)