Opinions on Princeton Mining?
Are there any opinions on Princeton Mining? [listed on Toronto]
They have a copper mine in B.C., and are in the process of
opening up a new mine. The stock price has been depressed
due to:
(a) they are waiting Canadian Federal government approval
(b) a Native environmental group has objected to the mine.
It looks like (a) is about to be obtained, and as a
result in late March the share price shot up from 34 cents
a share, to 65 cents a share, before the stock stalled and
dropped back to the low 50 cent a share range. I have
no status on (b). I checked the "home-page" of the
environmental group objecting to the mine, ... but they
didn't even mention this concern (they had lots of others).
Guess this is too low on their priority list??
With over 85 million shares available, its a Penny stock with
a reasonable size capitalization.
Are there any thoughts/opinions on Princeton (or on Copper?)
Lee Matheson |
