Mazagan Permit and Freeport McMoRan, page-11

"And if they got that in cash with the + (6 million in bank approximate )
256 million shares / $32.1 million cash = .125 cents per share cash value, with no value on their portfolio I would rather the holes drilled but that would be next best"



The "We're just the little brother" culture in Australia and the "Someone must know more than me" belief, frustrates me sometimes, although it does provide bargain buys like PVD.

Incredible how we have this information in front of us, yet the broad majority of investors will sit on their money until momentum starts to build, thanks to the accumulation of the cashed up brave.
It's only when everyone is talking about it and hype, back slapping and 'high fives' are rife, that everyone suddenly realises that the stock they're buying at 15c to fund all those Ferraris they're going to buy, is that of the smarter ones who got in first.

To coin a much overused phrase, PVD at current prices is an absolute "no brainer" and in my opinion, it won't be long until the 'easy money', is missed.