STT weekend lounge 22-24 June, page-237

STTCOMP PVE, FA LONG

Po Valley Energy (PVE)
Gas and Oil Play in Northern Italy

SOI: 590m
SP: .043cps
MC: $25m
Cash: ~$3.7m
Debt- None
Independent valuations between .080cps - 12.5cps (Current .043cps)

Today, Alan Kohler (The Constant Investor) is interviewing Kevin Bailey who is the non executive director of Po Valley Energy. The script of the interview is being posted tomorrow. Alan Kohler stated in a live video that he is "quite perplexed as to why Po Valley is valued so low at the moment.... the market has seriously misplaced Po Valley" with assets alone being of higher value than the current market cap.
Kevin Bailey AM (non–executive director): 132,728,169 (22.4%) Plus converted $700,000 of notes at .042 a fortnight ago.

Technically, a break over .048 - 0.50 will put PVE into a run of very little resistance. The past couple of days have showed extensive uptick in volume and having a look at the depth with SOI it is extremely had to "get set" so buyers have to step up. PVE has been at a base for sometime now but interest in the stock is building and the interview with Kevin Bailey should see new investors interest.

Interestingly, since the valuation was considered, the Gas price in Italy has continued to grow (See below), increasing the value of Po Valley Assets and SP. A very conservative report.