I with you Anatol, although as always there's a lag in the market uptake on the bearing of what small caps possess & PGS is in this basket. The good thing is that they have cash in the bank & free-carried across Oil & Gas, so as soon as SXY starts drilling people will start taking more notice.....I would anticipate that market cap will then gravitate to more equitable levels match assets/farm-in's that are in place.
Top work on Patchawarra Anatol - looks like ORG/SXY agreed, by taking up 10% for $16M from PGS, that's not far off your numbers earlier ie $40 vs $32 for 20% of 514 Deeps....
ORG Price at posting:
$14.64 Sentiment: None Disclosure: Not Held
SXY Price at posting:
70.5¢ Sentiment: Buy Disclosure: Not Held
PGS Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
