Freespins and Neil - good posts and pretty balanced.
I too am concerned at the admin costs for PYM, running offices out of Qld and USA. They do not compare favourably to other oilers in their peer group. Fortunately the directors did relinquish options earlier in the year - so I think they may well be aware of shareholder sensitivity in this area. The new chairman may well be looking at these costs.
Freespins - a pretty good analysis of what may drive the SP upwards in the near term. I am also encouraged by the director buy ins to support - a pretty solid sign.
I will continue to hold and assess as well as compare to current holdings in INP, FAR and my basket case AED.
Cheers BF
PYM Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
