I keep looking at the company profile and cant stop thinking that it is clearly another great mid-cap in the making. I have gone in again a couple of times this week.
They have all the right ingredients; the growth in the industry presents new challenges for small guys but PES has the necessary linkage to the 'bigger players' to get arond these issues. They keep talking about Duckworth/Dingonose being close to export market; but if all the other players already have resources to export; why would they want PES???
They have a complete focus on CSG. Check. They have a solid and experienced management team. Check. They have an excellent short term asset they can use to leverage growth in other prospects in the future-ATP852. Check. They are a tightly held stock. Check. There is solid market support for the sector. Check. They have a plan to transform the company from explorer to producer. Check. They have the right strategy to exploit their resources in the future. Check. They are undertaking a reserve certification program. Check.
PES Price at posting:
$1.30 Sentiment: ST Buy Disclosure: Held