Petrominerales Ltd PMGLF

RE: what happened over the last 2 years?

[deisman]

Would you purchase a stock @$11.80 that was paying a 4.18% monthly dividend, had a P/E of 11.8 and a P/B of 1.1  .............. ?  Thats the kind of numbers PMG would produce at $11.80 share which is a lot closer to it's intrinsic value.  IMO you made a very good purchase and if you are patient and smart enough to buy and hold you will be rewarded.  PMG is not a stock for short term traders.  It's back to the lows of 2008/9 and the market has over-reacted to it's decreasing production.  With it's new discoveries that trend should reverse and with it the share price will also rise.  Probably not a Niko type jump but a slow steady increase in step with increased production.  Good luck, do you r own DD and don't believe pumpers, bashers and analysts.