Mineral explorers have 0.1c SP over longer terms until they hit resources (depending on how diluted they are from years of CR). PIO just need next set of results, and the market that only looks at latest news will just look at new news of "Spodumene found", or " gold at X g/t confirmed"
Market doesn't care about long term FA, just that latest news. Wait a week or two for results and this will get a rerate.
So many misinformed investors that flee a stock having not done research. Instos and brokers are just seeing green at these prices but will take advantage if people keep wanting to go lower. At worst I'll hold this for a couple weeks till next results and make a bag or two from these prices. I do it all the time, speccies with strong FA just need news then complete rerate.
Easy $$$ for anyone who can sit on a little loss on their portfolio for a couple weeks.
PIO Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
