The last few days are real life examples of Fundamentals v Technical. Whilst a few day traders were scared off yesterday, perhaps expecting to get in at a lower price, fundamentalists held tight.
I am no chartist but yesterdays bottom lines up closely with 3 of last 4 bottoms so my punt is north from here.
My lingering thoughts are that PCL Management have been asked to SHHHH. Or perhaps they are waiting to compare notes with WDS once they are in a room together with 3D results (sourced from independent companies), discussing 1st drill. Its been almost a month since final 3D (19th Jan)
Management clearly have an idea on what they are looking. Particularly Iian Smith who wants in at a 1.4 cent premium to todays close. (which brings his oppies to zero$) My takeout is that Iian expects PCL to be worth more than 3.5 cents and putting a wager on it. If he fails, his oppies are worth nothing This is our new CEO oozing confidence in Pel 87 and sending us holders a nudge wink . I never held NWE but have made some huge mistakes along the way. Those mistakes were also my greatest learning curves.
I have seen Iian in action and i was super impressed. He defintely knows his stuff, curteous, intelligent and has great people skills. In case you missed the webinar, heres lian pre CEO https://youtu.be/-XKH4S76Qqw?si=xJ6WMmOD3Yq41EaN
PCL Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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