well it would involve having a detailed look at their annual...

well it would involve having a detailed look at their annual report and more specifically financial statements. Add up their cash in the bank, and find out how much they are spending each quarter for exploration, director's fees etc. Finding out their "cash burn" let you know how long they can keep going before they have to do a SPP or some sort of placement at a discount to market to get more money to continue their business. They mind have enough for a few years but maybe they only have a few quarters. I dont know...

Havent had a chance to do that for PGS yet but given the state of their chart i'm not exactly looking at this company as a solid thing to look further into as a matter of urgency. It's not even in my top 40 companies that I'm watching right now. It's probably a good idea to do that if you actually have shares in this to give you a better picture of where they are at.