Post by
JuniorMiner2014 on Nov 28, 2023 4:36pm
Stock Price
The current SP is under pressure from tax loss selling. My bet is similar to last year it rallies strongly in the second half of December as those who sold early to lock in losses buy their shares back after 30 days.
My average cost basis is .62 US and I will continue to buy at today's prices. Just taking a peak at my other mining stocks not much besides Agnico and Ivanhoe are beating Probe. Sure you want to compare PRB to the tech giants you are going to wish you had all your money in MSFT instead, but amongst it's peer group Probe is holding up better than most.
I know they have had numerous recent inquires to sign confidentiality agreements. Don't know with who and I don't know if they signed, but they are suprised by the number of companies wanting to look behind the curtain.
I would love to get cashed out tomorrow, but my hunch is there is much more going on behind the scenes than we know. Are they working on partnerships nearby? Taking on more property? As much as we all would love to get paid on this tomorrow. I am happy to wait if it means a much bigger payday down the road.
Dave can't do a lot to control the day to day swings on the price. It is a thinly traded stock that can move 5% on minimal sells. Would not be suprised to see a 20% jump on the share price between now and mid-January. Just a hunch with tax loss ending, strong grades in the last release and anticipated PEA which may blow by 300,000 ounces per year.
I will be around. JM