Did that Really Just Happen?Did the company not just find a gusher that increases is production by 50% and cash flow by approx $20M a year, and the stock falls 7%? Is that even possible?
I was naiive enough to think this may be a turning point, and may garner some investor interest. Despite past behaviours, on a go forward basis, the stock is ridiculously undervalued based on production and land assets, but rightly so given the lack of trust.
Next up-Topoyaco D is a mega gusher, doubling production instantaneously, allowing PMD to fund exploration from operations. Stock falls 25% on the news.
Wow. Investors have written this company off big time. PMD should challenge PTA for the crown of world's worst investment.