the only good thingsis that if you have to pick a day to deliver that type of news, better choose one of the worst day on the TSX for the last 6 months, we migh have been down with or without news. It's still holding more than i would have thought. I think we'll be testing next support level in the 29-30 range. It wil be a good buying opportunity at those price if management can begin to execute.
LM field's decline are kicking in since the start of the year and they are kick hard, PTA has to replace those reserve with new drilling. A Complete Quarter (Q3) without any drilling is really making pressure on their Production level.
Q4's drilling will be full of catalyst and an important turning point for PTA, either they execute, either it'S going to get harder and harder to maintain production.
White