RE:PBR’s Potential capex saving of up to $331mI think this is the fundemental issue that needs answers for investors to move the share price.
That being what is the plan going forward.... becoming a producer or continuing as an explorer.
If you want to be a producer then which way.... financing ( ARTG) or share dilution (MOZ) or perhaps a partner in development.
If continuing as an explorer.... That is my question? Will ELD step up for additional involvment or are there other producers interested.
PRB is at a reflection point . Are they discussing with others, or have they provded a preliminary prospectus to investors ( institions) to fund more exploration.
With adaquate funds to contnue with their robust plan of exploration for this year, there is time to continue exploring. I think myself and others want to see a definative plan on their end game before adding to my position. .
I think the present share price and lack of volume is a reflection of a possible financing, letting the share price reflect a financing price possibly?
Certainly there is value in the present resource, but to whom?.
JMHO