PERSEUS (PRU) named after the Greek God, is surely likely to achieve "godlike" status as 2007 unfolds.
The Projects that PERSEUS has, is rather astounding for a "junior" that is only 2 years old. Several of the projects are in the process of feasibility ( both pre and into full).
There are only 89 million shares on issue ( of which MBL-- the BANK - holds 10%+ and Caspian Oil 26%), so PRU is a relatively tightly held stock, that has only just gained the attention of the wider market.( NB a recent article in The AGE and a Research Report )
That attention, is gathering for the release of announcements that will prove UP the Resource bases of the 4 main projects:-
*GRUMESA - Ghana
*AYANFURI - Ghana
*TOLUBAY- Kygyz Republic
*TENGRELA - Ivory Coast
It is anticipated by the Company that a Jorc Resource Upgrade to 3 MOZ Au will be released before March 2007.
PRUO ( the options for 2009) are trading, relative to their exercise price of 20c - so IMO look to be a very attractive investment in a company that is well undervalued.
( I and SMSF own a considerable number )
we await with anticipation
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Last
$2.46 |
Change
0.070(2.93%) |
Mkt cap ! $3.379B | |||
| Open | High | Low | Value | Volume |
| $2.48 | $2.48 | $2.42 | $44.51M | 18.11M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 572374 | $2.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.47 | 489185 | 15 |
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| PRU (ASX) Chart |