Tax Selling This is my "first" ever loss on PDL shares. Last time I sold my PDL position, I was able to fetch prices in excess of $12.00. That's a few years ago. Recently, I never purchased at the year high - bought during the price decline during the ongoing u\g site development process. Taking a Christmas haircut. Not sure what to do with the remaining proceeds - Being a believer in "brownfields" mine deposits (development), will probably dump the PDL proceeds into Mustang Minerals 2 deposits whose share price appears to have bottomed out in the "nickel" range (could drop slightly further in next few days of tax selling).
Over the months, the numerous challenges at the PDL site have become known to me. Did not realize things were the way as described by tinman3, materials girl, Ray Beaudry, Matagami and Raymond James analyst Terentiew's concern about PDL's balance sheet. Agree, this share price could fall much further.
At the time I purchased PDL, I was hesitant, went against my gut instinct, but was sold by the Biggar flavoring.
Oh well, did well on the first campaign of PDL shares. Now giving back some overall profits on recent PDL purchase and decline.
Happy Ho, Ho to ALL !!!
Bugbee