How long is long term?
Someone buying in 2 years ago, would have paid 2c (if you bought a year earlier still, it was 1c !) in the last two years time, and whilst up and down ..its been a pretty steady trend, it reach 10c .
It wasn't just some pump, they developed and sold their assets, gave back shareholders the PNR shares they were issued worth some millions of dollars. And, after all of that, holders are left holding cash-box worth more than the value of their original shares - to get exposure to the (potential) upside all over again. Or, they can sell at a 50% profit on their entry.
That's why I'm a very happy holder at this level. Basically cash backed. Look at the 2 or 3 year graph, anywhere you bought in an waited a few months you would be in the green. If you waited 2 years and sold in the peaks you would be up 2, 3, 4 or 5x your money.
So waiting patiently for Management to repeat what they have proven themselves capable of for me
