At 0.9 cents per share the downside for me is very limited. I have 300,000 PRE shares left so selling would net me less than $2,900. What do you get for $2,900? A good holiday. But by holding we could win the lottery (in a minor sort of way).
There is bound to be a rebound in gold at some stage over the next five years to well over $1200 per ounce (in todays dollars) so PRE will go for a run at some stage.
Hold 'em tight. PRE could go big. Or could go bust. But it will go.
loki
PRE Price at posting:
0.0¢ Sentiment: None Disclosure: Held