RE:RE:RE:RE:RE:RE:RE:PP NewsExcellent post and I agree. If you look at this teams track record and the unannounced oversubscribed PP combined with the recent volume something big is imminent from a land package perspective. That's what I'm basing my comments on. They won't wait long, the sector and area are hot and management is smart!
wilwal wrote: While I am very bullish on POR, I am a bit reluctant to make those comparisons. LEXI for example, has the deals in the making for a total of 230,000ha of land. They also have some proprietary filtration technology that will eliminate the long evaporation process. They have a market cap of $53 million. POR, at this point, has less than 6,000ha. Using LEXI's valuation/ha, then POR is fully valued now. Using LIT's valuation/ha, that puts POR up to .25/share.
So with no change in their land status, POR currently has an upper limit of .25 imo. The locations are excellent so they should command a premium valuation like LIT or NGZ (which would put POR between .20-.25).
However, if management is in the process of expanding their land base beyond the 6,000ha they have now, then .40-.50 is certainly possible. The quickie PP tells me good things are in the works. However, it may take a month or two before it becomes clear to us what that is.
DeadliestCatch wrote: meant to say 4 weeks. Not that it matters. Cheers.
DeadliestCatch wrote: I see no reason this isn't .50 shortly. Just look at the 3 you have mentioned. They were .10 2 weeks ago. Should see .40-.50 here conservatively within 2 weeks imo. With plenty of upside from there.
greendayyyy wrote: POR is the only one trading at this price in a very hot sector in Argentina. LEXI-LIT-ULI have all faded since a few weeks. I bought LEXI at .19 and sold at .90. I bought a big piece of POR at .045 and add it to .08 and another piece on Friday at .10. I hope I can add to my position Monday down .11 otherwise I'm happy with what I currently hold. Let go and we will have a great holiday season.