PIO 10.0% 1.1¢ pioneer resources limited

The $1m share purchase was completed for 2c a share, well in the...

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    The $1m share purchase was completed for 2c a share, well in the money and not to be compared to S/I funding which is always out the money as you would well know with AVZ and the like recently which were processed well under the share price at that time to get the cash without being in the position of not having their own cash flow.

    If our Nova share purchase was S/I funding the SP buy would be around 1.3c I would imagine and this is another shrewd transaction by the company. I also recall that DC was budgeting $1m for following the pollucite caesium material trails in Pioneer Dome for investigative drilling to find out if any serious pits could be found for mining follow up to find once and for all whether our pollucite is continuous in analogous layouts or not.

    From small well placed steps we will ascertain this and the speculative side of my thinking would hope for this before our cash flow in unencumbered form rolls in. Then we would be able to do projections on our larger project/s which we would be able to manage more precisely when the status quo can be formulated with a full knowledge of what we have and what we don't have. You can't go into these projects half baked without full knowledge of what we're doing and what we've actually got to be successful. It coincides with proper financial business development planning in order to succeed.​

    This is not financial advice but a personal opinion on business development over a time frame.
 
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