PNO.WT - I have some - thinking of getting more
I have both the stock and warrants in PNO. The last news release was not good (obviously) and of course was responsible for the price decline. What I am wondering is what the risks are at this point to average down. What is the potential with this and what are the risks ? Is this something that can go down to nothing or is the property worth something - still worth something even if they continue to produce bad results. From what I understand they are continuing drilling and have multiple properties - correct ? Does anyone care to give constructive feedback (no bashing and no hype) ? Putting a bid in at .02 on PNO.WT (warrants) might be a good thing right now as long as this turns around. Don't know how many people would be willing to sell at .02 but the bid on Friday was .015 thanks