Re: Disgusted !!!
in response to
by
posted on
Aug 18, 2008 12:53PM
While I am disappointed in the current share price as well, it is just part of the game and we are very early into things even at this point.
It seems to me that management is doing quite a bit. They are currently flying VTEMs over ALL of their McFaulds Lake properties. PRB was not the only company to use Aerotem to determine drill targets only to be disappointed in the accuracy of the surveys. NOT did the same thing and when they drilled and hit on AT12, it was because they redid the survey using VTEM.
They are planning their Second Phase drilling in the fall based on the VTEM results.
Apparently Peter Smith from FNC called Dave and told him that there is a VERY strong conductor on one of Probe's other McFauld's Lake properties - it is a small anomaly that straddles the PRB/FNC property just to the north of FNC's C5 anomaly . He told him to have the airborne flown east-west on it.
Oh, and they are preparing the annual report and getting ready for the AGM.
This is going to go on for a LONG time and there will be plenty of hills and valleys in the share price - I knew this last fall. I don't tend to like to trade my positions a lot; in hindsight I could a made a lot of money doing just so. What I am doing now, is averaging down at these prices - there should be lots of action in the fall and I am pretty confident that PRB will hit on at least one of their properties. Before, it was primarily the McFauld's West, Tamarack and Victory Projects that were interesting; now with the AT12 trending towards Tamarack and encompassing these other two properties, PRB is in the thick of it no matter which way you look at it. If you choose to look at it this way, PRB has FIVE different opportunities to hit - think about what could happen if they ALL hit! I personally think Victory is the one that will cause a huge increase in price; the others will be icing on the cake.
BTW, just what is it that you would suggest they do that they are not already doing?