Although I respect your opinions your 9.5 times out of 10 they do what is best for the shareholders is in my observation nonsense, especially with exploration companies......Case in point, DeGrey Mining. They are sitting on 11 million ozs of gold, a teir 1 gold reserve and estimated to be as large as 30 million ozs.
Thery were supposed to go into gold production and become a producer. They got the permits, bought the latest in mining equipment etc. The brokers estimates at start of mining were to be $3-4 per share, after the first pour estimates were to be between $5-6 per share.......And guess what, low and behold DEG just agreed to sell off the asset to NST for $2.08 a share. And as with PCL I got in low so I'm sitting well, but that is not the point.
So no mate, they dont always look after their shareholders......9.5 times out of 10 they look after themselves.
PCL Price at posting:
1.6¢ 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)