it was a decent trading week
and the sp mostly in the .62-.70 range but unable to break the resistance at .72
However,,, it is looking better to me and i'm thinking that resistance will not hold it down much longer.
i know there are posters here who have been in this stock for a long time and are familiar with pretty much all things from the past..so i am not trying to announce any new thing that i learn about it.
However... it appears that this may be a period of reversal with at least some remaining short term gains gains possible and the potential for some really good longer term performance if things fall into place in a decent order.
I like to study both FA and TA and i have learned a bit more of the fundamentals that i believe are positives.eg:
trading on the nyse amex.... yes it has continued listing requirements that are well above the current sp and it has been suggested a consolidation will be necessary to maintain the Amex listing..
However.,, this may not be necessary as i thoroughly believe this stock can attaing the necessary sp in its current configuration as long as things move foreward in a positive manner. Most importantly will be:
-Need to see sufficiently good drill results to move resources from probable to proven. -Need to receive the payment for the Maseve Mine to reduce debt... the CD's are costing way too much.
-License for Waterberg needs to be received
These things are all possible and the company can get on a better path moving foreward.
One thing that keeps coming back to me is the knowledge that there is big money surrounding PTM.. the Waterberg still holds world class potential and there are some high profile companies showing interest.
If PTM was listed on a single exchange such as the TSX Venture,, it would be hard to generate much of an audience but being that PLG is on the nyse it is exposed to large institutional groups that can make this stock take off in a hurry. Just need the pieces to fall into place in the right timeframe.
If so.. keeping this listing will not be a problem. Stock has been really beaten down for a long time.. a bounce back has been overdue.
Looking foreward to this upcoming week. The TA i'm seeing is that this will be heading higher,., good support.... buying pressure increasing.. momo up
glta
all imo! gs2