Most popular micro caps have been hit and played on. If we look at chi-x closes for example AVZ and PIO you find that at close the chi-x is 4c and 1.5c respectively but the charts show ASX 1 pip less, so the 4pm bank brokers can place their orders where they choose affecting charts and instilling the wobbles in some holders, of course I'm not saying that our communications are not wanting.
If you look at PIO in simplistic terms at 1.4c the market cap becomes A$22.5m and the gross amount from Cabot is A$22.5m (US$16m) Even looking at net amount around A$13m for caesium material alone along the way to December this year, it's fairly impressive. This is not taking into consideration our other products built up in our store yard that have value not yet known. We are also in the possession of valuable tenements and joint ventures of note which are showing signs of value buildup we can slowly see if we have patience.
You do have to have nerves of steel in this area of the market but the rewards can be great if you can see success through the fog. Shares go in cycles and there is a bottom and a top. Your choices each and everyone. We are not alone at this end of the market.
I believe the company realizes now the need for more communication for those who can wait not too long. There is some logic here that is positive and the time to sell is at the higher ends if you can conquer Mr fear at the bottom. It has been a long wait but signs are now there to those maybe who can see.
This an opinion not investment advice. DYOR
PIO Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held