Overall Junior MarketDo you think the bottom is in on the TSX? How many companies like PXA will survive? In the last few weeks ive spoken to a lot of people that are completely underwater on there junior investments. Will the larger companies start to take out the good smaller ones for cheap? Is now the time to start buying?
IMO PXA isn't showing there hand because things would be worse if they showed it. Even if results are decent decent wont cut it. No chance of PP means no chance of drilling. Maybe they just sit and wait until market gets better. One thing we do know Glenn and his buddies are stuck in tthis hing also.
The waiting game for todays young investors is something new! But a little advice buy some stocks with some good propeties and sit and wait.
Might be time to flip out of those blue chips again!