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PMI RESOURCES LTD V.PMI

"Petromanas Energy Inc is an international oil and gas company. The Company is engaged in the acquisition, exploration and evaluation of oil and gas properties in Albania, France and Australia."


TSXV:PMI - Post by User

Comment by MRG_WPGon Apr 29, 2018 8:50am
161 Views
Post# 27955448

RE:RE:This has been a huge disappointment.............

RE:RE:This has been a huge disappointment.............I can understand why investors are disappointed.  I own both the stock and warrants.  There was a negative news release with results of their drilling that caused this to go south.  Having said that I do believe there is more to come after the one negative drill results.  I also agree that this is worth more than what it is trading at.  Instead of selling on the negative results, I took the opportunity recently to buy more warrants as it was coming down in price.  I averaged down by buying at .03, .025, and more at .02.  Now my average price on the warrants is .06.  Now some may think that this is throwing good money after bad money but in my opinion this is bound to turn araound and I personally think that buying at these prices may prove to be a bargain.  I have been wrong before but... time will tell ! 
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