Maybe the market is telling us something - the losses for PRA shareholders are staggering. I wonder when and what it would take to stop the downward trend in the POK shareprice.
The advantage that I think POK has over PRA is that numerous historical oil/gas wells seem to confirm the presence of the potash, and thus remove a lot of the risk. Unless the results from all of the historical oil/gas wells are incorrect, we should not be getting an announcement like the one that sent PRA shares falling 50% in one day. But the POK share price is still being smashed. I feel that at some point the share price will go up again, the questions are when, what announcement would be required to push the share price higher, and also how far the share price will fall before an upward trend begins?
POK Price at posting:
51.0¢ Sentiment: None Disclosure: Not Held