Yeah it 'sounds' like a good float, but the performance day one will be interesting in this market.
Current strength in iron ore price you would think would provide a bit of impetus for the short term...I guess it will come down to how many 'staggers' there are.
To the credit of management, they have done a great job of promotion thus far with great articles in key local papers in NSW. Hopefully interest in these areas will be high and could provide impetus for the SP.
Looking at resource floats recently, their record hasn't exactly been flattering, so EFE has a significant hurdle to jump there...but I am confident it will do so, if not immediately in the long term. And im happy to hold as long as long as exploration results and management justify it.
I'm staggered at the land holding they have managed to get in NSW though I guess I shouldn't be too surprised given the project areas PTS seems to grab hold off seemingly out of thin air...I would not be surprised if they found other commodities while trowing drill holes down for iron ore.
Cdchi1
PTS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
