The 3D and AVO work are 'state of the art' processes today, and the snippets of stuff mentioned by Iain excite me, but the lack of any modicum of enthusiasm or willingness to share the prospects inventory has me worried that there is a simple process happening in the back ground.... major holders in PCL may want to take the money and buy their second property in(insert luxury location in Aus or NZ) via a cash buyout given that many have been in for a quite while
given
1. The arrogant and glacial of involvement of WDS 2. The lack of action by PCL to promote the project 3. uncertainty about the future of the permit given the excitement in the basin and the potential for a major to dangle insane amounts of money at the Namibian Government.
PCL Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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