GREY:PLUUF - Post by User
Comment by
rockmoneyon Aug 08, 2019 4:34pm
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Post# 30008439
RE:Speculative investment in Peru
RE:Speculative investment in PeruUttter nonsense. Even a pure spec stock has some value, the shell/listing value as a minmum. In PLU's case the value is what the market will pay for their mineral discovery, in their case Li and U deposits. Li in particar has been a darling so-called battery metal.
So when a project has intrinsic and economic value that analysts and investors can quantify and compare to peer projects around the world, that is real value that the market pays for.
In PLU's case, mangement destoryed signifciant shareholder vlaue by failing to maintain their concessions. Management failed and the comapny suffered. This was a black swan risk event. Yes it happened and its tough luck to shareholders.
To say all mining stocks have zero value is just plain absurd and unintelligent.