PIO 10.0% 1.1¢ pioneer resources limited

The spotlight, page-34

  1. 988 Posts.
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    Well done Quiono. What ridiculous, thoughtless and thankless statements. If you don't think their first mining operation wasn't highly successful with a 57% increase in contained caesium is not proof that that the Pioneer team has the capacity and talent to be miners to contend with then you need your head read. Especially now being financially sound and learning that by having multiple worked on tenements purchased over the years we can have plan options in positive positions. They also have large mining contacts in the industry who they work in with for more successes down the road. They have also learned that you create your own luck in the mining industry by hard work and getting results further than anyone expected by first spending years in the finding and development of prime positioned tenements. You don’t become a BHP in a week if that's what you're looking for..

    You have no idea of what the company is in the process of knowing or at what stage any negotiations being in place are at or when it will be able to be revealed to us. Holders should be comforted by the fact that our Cabot debt is to be cleared shortly when we will be debt free then many millions coming in this year in cold hard US cash and will be reported on financials.

    Yes it is disappointing that the market can't get a grip on this share in spite of its results but this doesn't relate to only PIO. I have a watch-list of fringe dwellers Pip movement shares which are constantly in jeopardy through being top-sliced or being manipulated through low volumes and supporting blockers. PIO is well held by core holders but has sometimes been easily interfered with at times because of low volume with a high hold pattern. A lot of holders realise this but do realise that in these low volume cases turnarounds are very quick when secondary positive information comes through and blockers run for their lives all going well.

    One of the problems is that many don't understand the PIO position and its caesium product for starters and look for leaders to help them a bit. When the price fades a bit the fringe dwellers move to another share until it drops also and so it goes on. I think the actual reporting of Cabot debt paid out and large cash movements in will change the position from being talk to actual financial recorded cash reserves which will be a positive the flow will continue to year end as we also wait on other processes and possibilities further mining coming on. Investors have to accept what is happening and it must become part of the dialogue as an annoyance but also a buying opportunity, not a reason to panic over when significant cash payments will be coming in when cash is king these days and you don't have to borrow with S/Is as you nut things out on the cusp of growth..

    Anyway if you can't hack investing in a micro cap with cash-flow and mining ability coming through its stages, maybe you could put your dough in a knitting shop instead.
 
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Currently unlisted public company.

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