Re: Disgusted !!!/ElPrimero
in response to
by
posted on
Aug 22, 2008 08:26AM
Believe me, the market is still watching PRB closely. It knows, as well as we do, that unless there is some geological miracle, there must be something in the ground that PRB holds.
However, the drill missed. So Dave called off the drill, knowing that the dataset he had from previous geophysics just were not accurate enough. Logically, he called for VTEM, like Noront did after they had problems hitting.
The markets know that they have time with this stock, because the data will take time to get through. Drilling will probably start this fall, and with the new data, they will have better success.
Not sure why everyone is knocking the communications from Probe. We have heard as much from them as we have from KWG, Spider and Freewest. There is an old saying that goes "A wise man makes his own decisions, an ignorant man follows public opinion" If there is nothing to report, keep your cards to yourself.
This is a setback.
If you no longer believe in the company, sell your stocks and move on.
If you believe that this is a temporary setback, that it is nearly impossible for a stretch of land to be surrounded by minerals yet be barren, that it is just a matter of time before the cores reignite some excitement, then take this opportunity and accumulate.
However, do your own DD. Call Dave and ask the questions rather than expressing your opinion here. Get the facts.