RE: Roulston says why to buy Paget Minerals I'm glad that Roulston is informing investors about Paget. Their properties look very promising, and I like their use of the Prospect Generator model.
However, Roulston is surely overstating the case, when he writes:
Paget does not have many shareholders, [and] the ones it does have are not parting with a lot of stock. With patience, he says, you may be able to build a position under 20 cents.
On the contrary, over the last 2 months, well over 3MM shares have been traded, and the price has never once closed over 15 cents. Sadly, there seem to be PGS shareholders who are perfectly happy to sell huge blocks of their shares, at prices in the 11 to 15 cent range. I wonder if it's our old friend Mineralfields, who is dumping piles of shares that they bought in May 2011?