Mike is back on Monday
I called the office and our investor relations person will be back Monday. it is very disheartening to see the stock break down like this and PRE seems to be the only buyer out there and there is no desire for them to set a support level. I suspect that there is at least a large iceberg waiting to unload so the smart dollars are waiting and not trying to call the bottom.
Not sure what PRE's next move is if we cannot find a JV partner. maybe they will take CGX private or do another private placement and go for it on their own. Time will tell but this is not trending in the right direction. Even HRN is starting to move up and their drill targets are in disputed territories.
i will call Mike on Monday to see if he has anything to say.