TSXV:PEM.P - Post by User
Post by
cigar1on Apr 17, 2013 4:49pm
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Post# 21278048
Have we been sold down the river or not?
Have we been sold down the river or not? Most all here have been through past "exceptional downturns" in the market where absolutely everything gets sold off. Gold is especially in the crosshairs due to margin calls & of course this will result in every gold mining stock going South. It was another blood bath today with the likes of OSK now under $4 and issuing a news release that they know nothing relevent to affect trading - of course not, everything that has value now must be sold - at least for now. There likely will not be any competing bids for PEM in a protracted downturn.
If this is just the start of a market rout & as we now approach the sell & go away in May with also the Venture under 1000 & getting close to 900 - does anyone believe for an instance that there will be any money being put out there for Small Cap drilling like our PEM? For sure it's a big NO.
In our case we have a possible partner to support us & for all we may know this "if it goes thru" could save all of our - you know what - bacon - LOL!. Just my rambling thoughts because I believe we may just be on the cusp of another big downturn where there is no cover but cash. Of course, I will hold my PEM & right now, after reading all of the more cons than negs about the JV - I'm in favour to survive another day.