PIR papillon resources limited

Obviously something is happening out there, because this share...

  1. 11,147 Posts.
    lightbulb Created with Sketch. 644
    Obviously something is happening out there, because this share price is not related to the resource that PIR has found to date. It is probably also the reason why GRY took a stake in PIR, ie it hopes to make a profit when it flips its PIR shares, and why AC has gone

    See article about PRU

    http://www.bloomberg.com/news/2012-03-14/perseus-mining-in-talks-to-expand-gold-production-in-west-africa.html

    If whatever deal is being concocted out there falls through then PIR is likely to fall back a lot in the short term. It seems over-priced relative to PVM, AZM and GRY

    Good luck all.

    loki
 
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