PEA QuestionI have made a number of comments on how I day trade EGX. However, I do keep a float that I don't sell because I do believe in the companies future. I just happen to also believe in its cyclical nature.
I am currently debating how much I should rebuy when the price drops. The question I am asking myself is simple, what is the probability that the PEA comes back and is negative, and if it does, would the stock price drop to 0? Considering the low grades, gold below 1 g/t on average, there is definetly a chance the PEA doesn't come back ideal.
Anyone have any knowledge on the subject?