Peak Discovery Capital Ltd V.PEC

RE: RE: RE: PEC IPO Prospectus

[TopPossum]

Thanks for posting that link mdjbrown.  I imagine there are still more than a few people still holding the stock from the IPO.  When it has lost as much value as it has it seems pointless to sell unless you need the tax write off.  Several things still stand out for me as to why this stock MIGHT go back up in the new year.

1. There are still a lot of warrants to be exercised at much higher stock prices, and it would be to PEC's advantage to have those warrants exercised.
2. "Lias unconventional resource oil " - results to be released in early 2013, and they have stated they are very optimistic about the results so far.
3. Their partner GALP has deep pockets.
4. PEC still holds significantly large concessions.
5. Europe needs to find a cheaper source of gas and PEC still has great possiblities to provide some of that gas.
6. Plus a lot of shares have been bought up at the cheap current price.  A lot of other people are optimistic about this stock as well.

However this could be just me wearing rose coloured glasses.  Do your DD. 

GLTA