GREY:PGDIF - Post by User
Comment by
mill44on Feb 19, 2015 11:02am
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Post# 23443445
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Anglo
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:AngloIt is hard to be too bullish on PGD based on the charts. With breaking the 40c support, the management created some very unfavorable conditions. If you want to dream, you can imagine this going over the 50c mark again, but if you want to be realistic, you have to take it step by step. At least until some big news will gap it up over a bunch of big resistance points.
For now, the 21c and the warrants are the focus point. The chances for the SP to be right there in April are big. If we go over that, you get the 30c, then 40c, with more and more shares with gains around 100% or more. It won't be an easy climb without news, but I am guessing everyone is counting on some very good ones. The problem is that it will be a while before we can expect something significant. Of course you can get surprise news about a sale of some assets, a spinoff or JV, but that would be pure speculation, nothing but luck and you don't want to put real money on that.