OTCPK:PACXF - Post by User
Comment by
TaoTrader1on Jan 26, 2021 10:37am
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Post# 32386782
RE:Sprott dumping this P-os
RE:Sprott dumping this P-osYes, it's just a "lifestyle" stock for certain directors and will never produce any gold. I held for 2 years, lost a couple of thousand, and then did some in-depth research into the management, which I should have done earlier. I'm sure glad to be out of this stock, and I won't go anywhere near any stock these directors and management are involved with. They took 2 years to put in a drill hole, and then never reported the results, which seem to be renown for, but they sure draw some easy money in salaries over those eyars. Of course, in any fair system, there would be a law against this, but who says we have a fair system. I don't think they are really even interested in seriously looking for gold. They gave away their Pilbara tenements when the Pilbara was booming, an unthinkable decision. Then recently their CED/MD took on the job of being CEO/MD at the same time for another stock listed on the ASX in Australia. Pure greed. Being a former shareholder of this stock is now a best forgotten nighmare, as Sprott and other serious and intelligent iminded nvestors are finding out.