PV1 10.7% 2.5¢ provaris energy ltd

Be more confident. The assets on GEV's balance sheet amount to...

  1. 40 Posts.
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    Be more confident.

    The assets on GEV's balance sheet amount to some modest working capital and several unfinished projects currently being pursued/completed with due vigour. The market cap of the company however is in the $110 - $130 million range. That should tell everyone something; that the market is anticipating success and that this week's milestone was already built into the price. As a long term shareholder I am encouraged by both the professionalism and worldliness of MB and his management team.

    With my sincerest respect to charting and its supporters... such technical data is irrelevant both for GEV and generally. The assumptions underpinning charting critically ignore the most basic principle of CAUSALITY that drives our macroscopic existence on this planet and in the universe. But .... by comparison, charting is a lot easier than picking the winner of the Grand National Steeple with 48 runners; it is a 2 horse race - the stock is either going to up or down. The analyst is either going to be right or wrong. 50/50. An entire industry no better than a casino .. and driven by the stock market punters who want to gamble.
 
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