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Bullboard - Stock Discussion Forum Petrominerales Ltd PMGLF

Energy Oil & Gas E&P

GREY:PMGLF - Post Discussion

Petrominerales Ltd > Why the move
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Post by maxleverage on May 29, 2012 3:45pm

Why the move

Anyone know what is going on today?  (up $1 per share).  We all know that the $12-range was ridiculous given NAV (2P reserves), dividend yield and potential exploration upside.   Let's hope the rally caps stay on and this keeps going.  Would be nice to get it at least back to $18 range.   When is the next news due?
Comment by archamy on May 29, 2012 5:14pm
Maybe the expectation that  Bromelia 1 will bring very good news and reserves. The next announcement is expected in August with clear results in that well. Lets see if it can reach the 18 before the announcement, I think 16 is more realistic.
Comment by vwdriver21 on May 29, 2012 11:11pm
could this be a takeover target?
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