my take is that the retail float of SH are being "steamed", so that when an opportunistic bid is lobbed at us, pre-drill, most will capitulate out of frustration and exhausted patience.
the board (past and present) is nicely set up to get rewarded in that case - they would be happy with a 2 or 3x from here. eg. 500m @6c is $30M. 50m is $3M.
PCLs fate has been determined by the farm in conditions they agreed to. The players have been down this path before.
and rest assured, the forum is being monitored to gauge the sentiment/emotions of the hoi polloi.
SH would be best served to stop whingeing on these forums. if you don't have something constructive, don't post is my policy.
Someone (@huaneng ) posted the map of turbidite reservoirs in Guyana. Well thats what we have here. If you want a crack at the value, you have to stick it out. Stick it out for the drills and maybe get a 10-20x on present MC. Maybe thats the message to give to the PCL board.
PCL Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
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