Hello everybody,
Welcome to the Pretium Forum.
This is the first day that Pretium (PVG) is trading on the TSX.
Opened at 5.95, current High/Low are $6.00/5.75.
Currently trading at $5.95 and 1.2M shares traded.
Since the IPO was for $6.00, this indicates a fairly lukewarm reception for the shares.
This is a stock that should be considered quite speculative.
While the company has a very solid resource alrady established, there are many potential pitfalls between here and commercial profitability.
I like this stock, but we should be very clear that this is not a stock to stake your fortunes on - unless you are a risk-taker of the highest order.
There are some real positives though.
1. Led by Robert Quartermain - who led Silver Standard up until recently.
2. No need to find a resource, it is already there, and large.
3. The current financial environment regarding the value of Au and Ag.
Revenant