Post by
GoldenDreams on Jan 09, 2018 4:44pm
My take on the low SP.
Same as you I held all of 2017. Go figure the SP is about the same as this time last year before multiple quarters of record profit, higher production, a NI 43-101 and options on a new projectin Nevada. The market is stupid. I continue to add more. People are scared of Turkey so very little value is assigned to the JV. Also Iran is a big customer buying the Zn from the mine, so people are probably nervous about that.
PSE has a following in Germany, trades on Frankfurt exchange. I would think German shareholders are more comfortable with Turkey compared to N.A. shareholders, why are they not driving the SP higher??
The JV exploration costs are already factored into the all in operating costs,so there is no reason that the net profit PSE sees every quarter can’t be put to work right away exploring the Gunman property.
Should be no need to raise funds for exploration, therefore no dilution, also a positive.
We get some news that the company is moving forward with Gunman, then the SP should start heading North again.
GD
Comment by
samrak on Jan 29, 2018 2:51pm
Time will take care of the share price. Don't forget while very cheap against earnings, it is still expensive against book value. Give it some time to shrink price to book and the market will give it its due.
Comment by
Druchii on Jan 29, 2018 4:19pm
How will it shrink price to book...aside from price doing the shrinking
Comment by
samrak on Jan 30, 2018 12:12pm
book $7-$8 million a year of income for the next 3 years and it trades at a price to book of 1, assuming no movement in share price.