When does an elusive under the radar company becomes a successful Junior Explorer over its time?
A history of 100 randomly selected ASX-listed junior mining companies (June 2004 to June 2014) by Minex Consulting over a 10 years study revealed some surprising details about their histories. There were 48 casualties and of the remaining 52% they had a life of 21.5 years. Overall, 72 didn't become producers and of the 28 that became producers mostly had expenses exceeding revenue, not lasting long at all.
Over the decade, eight out ten of the Australian junior companies lost money for shareholders and remained explorers, one out of ten broke even (or made a modest return) and one out of ten made sufficient money to pay for the failures of all of the others.
PIO could well be shaping up under the radar to be such a company now with guaranteed funding and much potential for new finds and other sales projects on song.
With their own cash flow looming and some new quality in the board and specialist staff members now for strategic business development it looks like every step we take now will be of a positive nature. You've got to keep it simple in share trading and know where you're at. Successful juniors and spec companies take 10-15 years to get off the ground and few have that stroke of luck to get to another level. Like it or not Pioneer is now one of them. Many can't see this and as the saying goes, None are so blind as they who cannot see. Many successful traders and investors search those few and far between high possibilities which have the prospects such as ours. Think about it. We have the sales of pollucite that doesn't require processing, just shipping out for processing for immediate cash flow for 2 years - and they want it. We have a working relationship coming up quickly with Cabot in that we are able to continue on with our other exploring and sales programs for overburden resources continuing whilst further following for further trails of pollucite at the same time. Seriously, this is very good.
DC has copped continued flack along the way for early irrational exuberance some might say but timing in business and the market is hard for anyone to predict but he has got there now. He has always had vision and no one can deny this and there is success flavored with some extraordinary good luck.. To have a relationship with a multi-billion dollar specialist global company is outstanding in this economic time frame whilst many others struggle and have a guaranteed cash flow over two years with the opportunity to find and sell more pollucite whilst searching for other resources and developing other existing projects for development or sale is that it doesn't get better than than this in this day and age.
Love him or hate him, DC (with the board) has built up highly promising resource projects from the various funds they have received in many ways which are assets in themselves and many can be described as as prime mining real estate ventures without a doubt whether for sale or mining.
As well as capital raisings, in the past he has sold in 2012 the Mt Jewell gold deposit for $8 million dollars and later on joint ventured the Acra Gold project and has been successful in EIS WA Government Funding Schemes to subsidize some drilling campaigns. The company has built up many tenements over the years which are a guiding force for the future as I see it.
It is also refreshing to see new blood coming on board coming on site here with an eye for under the radar value who can articulate the definite promise in the company now and also there is a strong hold by the majority which is a good sign in spite of small numbers that can fiddle with the price which seems common these days and is contrary to the higher SP value.
Anyway, we are so very fortunate to have Cabot here with a very successful Off-take Agreement for the sale and purchase of 100% of the pollucite mined from the proposed Sinclair Mine and all other pollucite add-to along way as we follow through in the 2 years contract and to also be able to finance and follow through with our other projects from here on.
It's certainly a case for $ averaging for those who can afford it for when the news soon flows through as I see it anyway. When the information is coming the SP will jump for holders. It's undervalued.
An opinion as always. Good luck all..Watch the games now!
