Yes fair enough guys. Did not research enough past the point of Director selling. I know many reasons for Director selling exists; health, house, who knows. Yet for my money if anything large was to happen in the ST then it only natural insiders would hold out until the true worth of the company has been filfulled. Logically speaking.
Now the market is rarely logical... I will devote a few hours to have a proper look over the form of this one.
It simply did not check off my first couple of check points- we all know it takes a great deal of time to analyse this companies correctly then correspond etc.
Many I discard ASAP when I see it not meeting my criteria. The balance sheet did not impress for a supposed small producer, yet it has a tiny MC that makes me curious to look into further.
As recent past small MC have done OK for me... Trying to pick a couple more.
Making up for the mistake made in ARM- Askier. I know I had a go at you for that recommendation. Yet my own fault for being a sheep and lesson learnt.
PNX Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held
