RE: LBE3 Jul 2023 10:35
Yep, PRD is flying, exceeding the brokers rating for a discovery, twice the price of one of the original valuations for smallest production model, yet they have not flowed anything,, The prize gets bigger and bigger every drill..
They had to call it a day on MOU-1, pressures too high, did'nt complete MOU-2, drilled MOU-3 but delayed testing, now Mou-4..
Although I dont know why the original valuation was so low compared to more recent, I just kept it in mind..
Still they are paying full value of the most recent estimate for a discovery, and more than 50% for the next step up..
Thats crazy,,
Have you followed their BB, just a couple of poster giving confidence to the geology and likely outcome, GRH the expert never seems to say anything specific since I followed, all riddles to me, other than he has called a few, ..
Still exciting stuff, missed out there, will be nice to see a real big result there, better than people losing their shirts..
The BOD, know how to work the markets, just a 2 man team I believe, puts He1 to shame