re: a major announcement due soon
Yes profittrader I am hearing a similar story. I will be waiting to see who this new high profile director is and how good this newly aquired gold-copper project is. Mineralisation is continuing at depth at rina prospect with drilling proceeding at around 20 meters per day. If the results to rina are positive which they should be then I would expect the JV company to perhaps spin off its assets and PSP shareholders gain free shares or priority entitlement in the spin off. Or Prosperity could exercise the option to gain 20% in the project. One thing is for certain is that rina is a large orebody at rina and should there be large interesections at depth then PSP currently one huge SLINGSHOT!
As I am a cycle analyst, there were a number of cycles culminating on the month of December 06 for PSP which represented the best period to buy. Look out for this one to go in the coming weeks.
PSP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held