Post by
refresh19 on Nov 26, 2013 5:11pm
PEA Question
I have made a number of comments on how I day trade EGX. However, I do keep a float that I don't sell because I do believe in the companies future. I just happen to also believe in its cyclical nature.
I am currently debating how much I should rebuy when the price drops. The question I am asking myself is simple, what is the probability that the PEA comes back and is negative, and if it does, would the stock price drop to 0? Considering the low grades, gold below 1 g/t on average, there is definetly a chance the PEA doesn't come back ideal.
Anyone have any knowledge on the subject?
Comment by
cocaine on Nov 26, 2013 5:29pm
Google Pliminary exotic assesment. Several company's pop up in news and show tonnes, g/ton location and so on. Very easy to do IMO. There's companies with less gold less tonnes and vise versa. Lots on their wirh less gold and proven viable. And similar tonnage. And I agree keep some. Don't wanna miss out case a halt or stock explosion and left chasing
Comment by
refresh19 on Nov 26, 2013 5:42pm
Good advice. I took it and here are the first 4 companies that came up (the only ones I looked at) Astur Gold, Entree Gold Inc, Batero Gold, Silver Bull Resources All of them either had an SP drop or unch in the period following their PEA. Interesing.
Comment by
cocaine on Nov 26, 2013 6:07pm
Lol good one refresh. Want me to post the several ones that went up and were positive? Gonna be a bit as I'm not doing it from my iphone
Comment by
ShipitIndustries on Nov 26, 2013 6:23pm
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Comment by
refresh19 on Nov 26, 2013 6:35pm
Post them, I am curious to see what percentage go up and which go down.