PXG 0.00% 15.0¢ phoenix gold limited

re: Ann: Studies Delivered to Norton Gold Fie... kelvsy,Don't...

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  1. 365 Posts.
    re: Ann: Studies Delivered to Norton Gold Fie... kelvsy,

    Don't want to be the devils advocate but if you think the instos are in now they will take some getting rid off, particularly when companies like PXG show potential.

    They see the opportunity to use risk, ie gold price; debt; start-up issues etc, to suppress the SP with BOT trading and shorting and they're the only one's making money in the interim, unless you ride the pony with them by buying the lows and selling the highs.

    Only when the risk is reduced will you start to see the antics stop and the companies true value but that could take a while. It's as frustrating as hell but not so if you have a LT view I guess.

    I think PXG has huge potential and so do the instos no doubt.

    Just my opinion of course and good luck to all.

    SUT
 
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