I would like to reply. I have been heavily invested since the float with this one. Nothing has happened that I was led to believe and is one of the great disappointments of late. Having spoke to three different directors this year, all have said big things were about to happen. That is March, Early July and and early August. So far didly squat. An announcement mid December 2004 pointed to imminent gas production but here we are mid September and not one bit of gas produced due to there partners stuff up. No further announcement to the market other than a reference in the April quarterly was made and they were upset that I asked had the market been misled. Supposedly they will have a number of wells dewatering by Xmas but there has been no announcement regarding finalisation of permitting which started in March so there will be no drilling before that is finalised. I believe things are slipping further behind and that although the directors are all credible and have proven track records that they have there fingers in too many pies. Colonial -Commonwealth continues selling and anything above 8 cents is a profit for them and this is a worry for me that they also have lost confidence in the stock. I am not sure if anything will happen in the short term but whenever the stock looks to rise it is continually held down by profit taking. The battlers who paid the float price and above have to watch whilst the seed capitalist take there profits. Yes I am Bitter so far and have lost faith at this point in time with a stock that supposedly would do wonders. The only sweet thing is that my stockbroker sold his father in law out of Bolnisi Gold at 45 cents because Planet was a better bet. Check out the price today of BSG and then Planet.
Regards Metro.
PGS Price at posting:
0.0¢ Sentiment: ST Sell Disclosure: Held
