PIO 10.0% 1.1¢ pioneer resources limited

Is it just me or does finding out they are 57% WRONG in their...

  1. 2,400 Posts.
    lightbulb Created with Sketch. 50
    Is it just me or does finding out they are 57% WRONG in their calculations more a sign how inept they are ?
    ...thats more a WTF moment than .. Oop's  ...    seriously, what if that 57% was in the opposite direction .... this coy would be in administration and your investment up in smoke  
     But, on the flip side ... If true ...What ridiculous decision process took place that could allow them to say it (mining) was a goer IF!!  they only expected to turn over 57% less than what they ended up with, a decision based on an expected $8mill (give or take) and pay off the loan out of that plus expenses !!!!  eek.png   ..Really !!  They decided to mine on the basis they would make about $1.5 maybe 2 mill profit .... ... sounds fishy ay? 
    I'd say they set it up, knew to expect what they got but underplayed it at the start in the hope of a big sp kick with extra %% fanfare ann for a little sp hype
    Just imagine what would have happened to the SP if they only found what they thought pre mining, the coy wouldn't fold but jeezarrrrs .. the sp would be struggling to garner 0.005 
    IMO ..... Its either ...... BS to the 57% coming out of the blue story .... or .... Getting it so wrong only, proves these guys don't know what the hell they are doing and long term 'hold' advocates are playing with fire.....   both of those don't inspire confidence thats for sure 


    "You don’t become a BHP in a week if that's what you're looking for.." 

    You certainly don't ....  
    But by the same token, I don't think anyone was looking for a company to start life trading @ 20c, spend then next 15 years paying some handsome salaries, actually open a mine (albeit for Cs) only to end up with a SP of 1.5c . 

    As for blockers and manipulators ... that catch cry is one of the biggest red herrings around .... You even allude to that fact 
    " the market can't get a grip on this share" 
    " One of the problems is that many don't understand the PIO position and its caesium product" 
    I actually believe it has nothing to do with manipulation and everything to do with those two statements of yours and the stock is being rated accordingly, and thats something the coy and management are responsible for. 


    Finally ... as for announcing Cabot being paid out and actual financial recorded cash reserves, that info (calcs) are already factored into the SP  ... we, the market, have been told what to expect and baring some Black swan thats how we! expect it will play out (+ - a few hundred K).

    GLTAH ... J 


    PS: sorry bout the waffle Qiono... there must be something catching in the air 


 
watchlist Created with Sketch. Add PIO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.