After reading the last quarterly report, which appeared to be very similar to other recent announcements, I get the very distinct impression that PTR is treading treacle and is very much stagnant at the moment. Perhaps the loss of Tru Energy as a partner has had more of an impact than was appreciated at the time.
It would appear that the test / trial power plant at Paralana is now very much on hold and any positive news about drilling the second circulation hole has all but been swept to one side whilst keeping us positive on the Clean Energy Precinct.
I think that we have lost our mojo for the moment and look forward to its return once the Fed Gov can focus on its Green policies and cast aside the distraction of trying to stay in power.
kippax
PTR Price at posting:
5.6¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)