PIR 0.00% $1.49 papillon resources limited

What now?, page-3

  1. 29 Posts.
    I'm holding. Reasons...all IMO
    1. B2Gold has a target price amongst analysts of up to $4USD...and that's including re-rating after the PIR news. That equates to a PIR price of around $2.85 although won't likely achieve 12 month target by September.
    2. PIR were expected to release additional drilling results of the area near Fekola around the time the offer came in, and the full Feasibility report later in 2014.
    3. B2Gold is trading under value due to the dilution of shares that will arise by this merger, and recent slump in gold price.
    4. PIR Shares are trading at only around 10% above the price pre-merger news, and seem to have stabilised around the $1.60 mark.
    5. Another offer may come in (we can only hope)

    I just can't see much of a reason to sell right now, IMO. That said I only got in a few months ago at $1.22. Have been reading a lot about B2Gold itself and am actually contemplating holding even after the merger goes through. Fundamentals all look pretty strong. Just hope the gold price doesn't tank!
 
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