OTCPK:PILBF - Post by User
Comment by
seatleslimon Nov 27, 2015 11:32am
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Post# 24331645
RE:Selling appears exhausted!
RE:Selling appears exhausted!We will only know in the rear view mirror, but much lower would border on absurd relative to what the asset is worth even in a fire sale. It's trading like there is an unaddressed debt maturity (when in fact net working capital is over 15% of the market value and there is no debt); or collapse in aggregate pricing (when in fact it is increasing steadily and demand and competition is all within a 45-mile radius; i.e., not China). It also trades like costs are in USD and revenue is in CAD (when in fact the opposite is true).