Interesting to see in the report that they have not put PYC in a cash flow positive position in either 2012 or 2013, so how this gels with NW's statements is unknown.
Also interesting was that based on doing the deals they expect the market cap to reach a max of $50m+ or roughly twice the current market cap.
Does anyone believe that with three new deals under the belt, as stated by NW, that the share price will go no higher than around 12c?
That being said, with every day that they do not release a deal I become more concerned that NW is merely a talking head an is unable to back-up his claims. I take heart in his continued restatement of the outlook, but proof is in the pudding.
PYC Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held
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