WGO 0.00% 35.5¢ warrego energy limited

Longevity of PRL value after Well #2 result

  1. 660 Posts.
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    Hi PRLers,

    I'm relatively new to investing, particularly in mining. I'm not looking for advice nor asking for anyone else to do my research, however I wanted to open a thread to receive opinions on, and open up a discussion about the longevity of PRL's value given the recent tendency (towards other small/mid cap stocks as well) to 'pump and dump' on the back of announcements.

    I have not yet had the time to research comparable successful companies/ventures, but am interested in how these tend to play out over the short, medium and long term. If/when we complete drilling on Well #2 and have a successful result, and the value significantly increases, do you think this will hold for a period of time, decline steadily until further announcement, or be followed by a swift retrace? and why?

    I've read over almost every post over the last few months so apologies for the 'inexperienced' post, if it has been covered before I must have accidentally missed it, but I'd love to hear from experienced traders and holders what it would take for PRL/mining exploration ventures to maintain their value.
 
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