Rizzla, while I agree that they should spend some serious time updating the presentation, the story has not changed dramatically, which IMHO is a good thing. I would hate to see a change of direction. They should stick to their long term plan no matter the SP fluctuations.
If I may ask, why do you see PVD as a sell now? Surely that sentiment would be more logical whilst the SP is at highs that are perhaps not supported by 2P reserves or future deals/news?
PVDs market cap and cash now means that its assets are barely worth anything. Surely that is the time start taking a position, not selling? With Gabon still progressing and Madagascar simmering slowly, the company is doing all it can. I am not blind to the salaries these guys are paying themselves. I think they should tone them down a bit, perhaps a 10% cut just to show holders they are aware that the SP has not appreciated... while their pay has.
Whatever the case, I have started to add some PVD shares to my portfolio. I will hold for 12 months at least.
(I already hold a small parcel from last year with an entry price of $0.40).
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.25M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.6¢ | $8.778K | 1.438M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 10410172 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 7504209 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 9854284 | 0.006 |
47 | 14109053 | 0.005 |
11 | 5408333 | 0.004 |
4 | 4816666 | 0.003 |
5 | 5200000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 7504209 | 12 |
0.008 | 2812987 | 7 |
0.009 | 12050000 | 6 |
0.010 | 9623264 | 6 |
0.011 | 3643000 | 3 |
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