re: Ann: Entitlement Issue Letter to Share Ho... Given the PRE share price and the option price to put it mildly 2011 has been a very disappointing year.
It seemed 2010 was full of promise but 2011 seems to have drifted along without any clear indication of where the company was headed (simply announcing more results from drilling won’t satisfy the market).
From the recent announcements there seems to be some guide (i.e. looking at mining GTS and further work on defining the Kelly prospect) but even that is very loose and does not provide a timetable from which management can be held accountable.
I think if they get close to mining there should be a consolidation of shares (which isn’t a bad thing) to coincide with a capital raising.
If PRE were bought out it could be a decent buy for someone with the ability to mine.
PRE Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
