RE:RE:PikwaI can't argue Frank - too many indications that Pikwa is not a priority anymore, as you demonstrated, so it is most likely a bust.
Elmer gives us 5-15x upside. I'll take that as consolation. Frank2015 wrote: Chintzy, very good post! Well thought and structure! But I am afraid that this is whishful thinking. All the sign points to initial results that were not to the standard the company was looking for. The drilling plan this year is clear and it does not include Pikwa. From the corporate corporation, Elmer, Rex, Munischwan seem to be the priority. Not a word on Pikwa.
My thoughts are that Pikwa results were not published because they are not spectacular and will be irrelevent in the value of the company if Elmer is a monster deposit - notice that I am talking Elmer and not just Pawton - the short term value of Pikwa is as I said irrelevent, so that could justify that they bury it in their perspective. I don't appreciate it but I can see their point. Before last results we were on the fringe of a major drop if news were have been bad with shorters ready to pound on the share. In that view and because I am starting to believe that they have another financing in the cards soon, it could be logical to bury Pikwa results and emphasize Elmer development.
Elmer is the key to higher valuation short term. Especially the drilling being done on the extra-Pawton target.
Keep your eyes on the ball...extra-Pawton is the key...also check what is the summer drilling plan for Elmer,... if there is a summer plan on Elmer...