Yes, PEM could go up 1000%. Unfortunately, the current (manipulated?) share price is $.06. That would make a 1000% increase equal to $.66 (.06+.60). That would be very nice but it is not the exit price I envisioned when I first entered into this stock .
How about you, fellow PEM shareholders? Do you remember the call for $1.00 shares a little over six few months ago? Were we all just crazy with our valuation estimates or is somebody going to steal this company (and a multimillion ounce gold resource) from the current shareholders?
I have this recurring thought (nightmare?) that someone is going to tender an offer for $.25/share and management is going to take it. And they would say that it is generous offer - given the current market for PEM,. How generous would it have been one year ago -even six months ago.
That's enough ranting from me for now (more may come).
- panamax