The price is not where we would like it to be. Is this reason for concern? Not really. This is what happens in the stock market.
I believe that PRR is currently substantially undervalued. At some stage as it gets closer and closer to potential commercialisation it will be recognized by the market how undervalued it really is and will be re-rated.
Just go back and have a look at the caliber of the individuals that are involved in this task (Ask yourself, why would these highly skilled individuals bother)
Just as importantly take note of where it is all happening. It is all happening where we would want something like this to happen, and not in some backstreet in an industral area of Victoria, Australia.
Shame to see some small investors jumping ship, albeit that the daily trades are very small volumes.
PRR Price at posting:
11.9¢ Sentiment: Buy Disclosure: Held
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