Re: PSU's Role
posted on
May 21, 2012 06:02PM
Right on stainlesssteal. I think you are spot on. Dave will continue to develop the resource in a measured pace. Probe's SP is a victim of the general plight of juniors and the gold sector. The best way to combat this is to demonstrate to the market that we have a resource that is well beyond what earlier expectations were and that is qualitatitively stronger than that of other juniors.
I think he is also prepared in the event that a takeover attempt were to occur. Give him credit...he's gotten us this far. Don't let the market manipulated SP obscure this.
Lastly, keep in mind that the average daily volume over the last several months has been squat in relation to market cap. There is little retail interest in the sector at the moment. When this changes, volume will increase dramatically and the SP will go on a tear.