Final Reminder + Share guess
The rat pack of the legal fraternity are still searching frantically for a Lead Plaintiff for their abortive attempt at a class action against PVG.This search expires on the 24th Dec.
As the share price nears the CA$8 level these law suits will fade away as they will have no ammunition to fight with.I expect the first withdrawals any time soon.
Regarding the share price I am of the opinion that it will almost certainly reach that and possibly end out the year at about CA$10,50
There also is a very good case for calling a higher price as the insiders and they know who they are,the ones who collaborated in the first instance to ensure the collapse on the 9th Oct.
The above have vested interest as we all know its been a heck of of a year for gold portfolio managers and to earn the 10% they claim for performance fees are going to have to pull out all the stops to rehabilitate not only PVG but other shares in their portfolios.
Consider this a portfolio manager gets a birdie whispering in his ear that PVG is going to take a crack,he then sells his shares on some spurious reason, achieves roughly CA$8 then at the right moment buys them all back including an additional 1,5 shares at current level that manager is now looking at CA$10,20 for his PVG shares.(Nice business if you can get it) Now do the MATH at CA$10 or CA$12 he then certainly will earn his grubby 10%
As for the farq he will probably choke on his Christmas turkey.
DYODD
I seek safe harbour