$2+ stock?SP near the highs so you would think PGR shareholders would be distributing, but actually it looks like the stock is systematically being accumulated. Someone is interested in PGR! With what PGR has it should be bought up at these prices. However, there was less stock out and basically the same story not that long ago and there was no interest in PGR.
I would not be surprised to see the stock over a couple bucks in time. With what PGR owns I could see a market cap of between $50/100 million. Let’s see what PGR does with their JV CXZ property and then, if we could get our neighbors interested in South Tally, we will be off and running. After we drill a few good holes we're a $2 stock. I don't believe It would take much beyond drill a few good holes and getting the word out to move PGR to that level. I know it sound like hype, but fundamentally PGR has the property and a good story. In addition, they have a realitively small amount of stock (more than before, but reasonable) so it wouldn't take much to move the stock way up from its present value.
This is a stock I have now parked a little money and will sit on until a buy out or partnership in S. Tally.