Post by
mill44 on Nov 04, 2015 11:21am
Cool how people
say they are bullish, based on hope and call you negative just because the price action does not agree with what they think about the stock. Based on fundamentals, I have hopes that one day, if people let us, we can recover our losses, maybe even make money.
Fundamentals have been improving with every drilling and yet the price has been dropping. Fundamentals won't help you much if the management decides to raise funds at 20c again. They did it when the SP was 40c, why not when it sits at 17c? Depends on their motives, there is nothing illegal about it.
So the fundamentals say the stock is worth way more that this, but the management disagrees, who do you go with?
One day the price action will agree with the fundamentals, but until then all what supports a target of 1-2$ is hope, nothing more. Trade on that and see how far you get.
A month ago PGD was showing signs of change. That is gone now. Out of 11 trading days we had 1 positive day. Once that changes I will believe that people hoping for better, just like me, actually have a chance.