THere is not much to say...look at their website. Plenty of prospects and potential from a professional outfit. Heaps of upside, little downside in the long term but the last year has been poor. The main problem is that despite the current exploration boom they still have lots of tennaments on the shelf waiting for a JV partner. That is the main reason why the share price has fallen over the past year....essenntially a decline in exploration activity following loss of a major JV partner in INCO. The floating of Western Plains Gold should fix that as PTS will not only be a major shareholder of Western Plains, but will also see a substantial increase in exploration activity on its tennaments....that is if Western Plains is succesful in its float...supposed to open offer early Feb but no sign as yet.(and has been a long wait)..watch this space....successful list means price goes up....failure means PTS shares go down further....so hopefully Western Plains will be a goer!!!
Good value at current price, not so good at the price I bought in (12c!).
PTS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
