I was right when I wrote on 25 May that:
"PSV is competing with BDG to see which one can first reach 20c/share.
I will never again invest in Victorian gold miners, especially if they are touted by the established brokers.
Ouch.
DYOR"
But I am just dumb, because I did not sell.
Fat Prophets has PSV as a long term hold in the expectation that the price of gold will go up. ETrade shows that at a price of 30 cents Huntleys has a buy/accummulate recommendation, and that there are 4 strong buy recommendations by brokers, 4 buys, one hold and no sell recommendation. Moral of this story is that there are a lot of c.r.a.p broker recommendations.
This is looking like another BDG, which was also recommended as a buy by several major brokers.
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