RE:RE:RE:RE:RE:Hopes and dreams abandoned?Stockpaul's single investment choice (PCY) is questionable. His angst is fueled by the fact he paid close to a dollar for a stock currently trading at 8 cents. He vents against scg because he cannot get past his losses on SCG's stock. In all likelihood he was the buyer in 2011 that paid 78 cents and was posting under a different nickname @ that time. If I were him (and I would never want to be lol) I would sell pcy and 8centsand buy scg @4cents. A canadian electronics payment company doing deals is a lot safer IMHO than a coal play in far off lands.
Prophecy Coal Corp V.PCY
Sector: Coal | Sub-Sector: Coal
Alternate Symbol(s): T.PCY
Prophecy Coal Corp > RE:RE:RE:RE:What am I missing?
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RE:RE:RE:RE:What am I missing?
Wow Cash I appreciate your objectivity. I have just reviewed the last years worth of news releases. Pretty interesting stuff! The CEO is a interesting guy. The tsx letter that someone wrongfully disclosed publicly was interesting reading. It is still out there on the web for those who choose to look for it. Also the way the resource estimate was improperly conveyed is a red flag for me. Too bad they had to pay off that Waterton loan by selling off Wellgreen stock at 40 cents. If they did not have to sell pcy would be sitting higher than 8 cents as Wellgreen has more than doubled since the disposition. The Wellgreen leverage made this stock more interesting and buffered the strong associated speculative risk element. You are more than fair in referring to this play as a "long shot". Thank you for taking the time to respond to me. The irony is that after my research Wellgreen Platinum looks like a far better buy in view of the size and Nav of their poly metallic resource.
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