PFN from stockhouse:
"Thought I would take a moment and say hello to everyone here at PFN. I have been buying shares in PFN since yesterday and have averaged in at around 74 cents. I have shares in BTC (Benton Resources). I was never aware of PFN and it's potential until I caught the news release issued Thursday that related to Benton's King Lake property in Voisey's Bay.
I did some research, I looked carefully at PFN's portfolio of properties. After considering the upside, I decided to take a position in this company. To be quite honest, I am very suprised this stock trades at such a reduced price. The main thing I look for in stocks I purchase are, Management, A reasonable amount of outstanding shares, Joint Ventured properties( this protects shareholders equity by limiting further dillution), Property locations, Cash in the bank, ongoing drill programs, current market valuation of the stock, chart technicals.
PFN qualified on all counts, and is a very good buy at these price levels. I consider this stock extemely undervalued. Any solid news could easily send this stock to within the $1.50 price range, which to me seems like a reasonable valuation today. I don't gamble, I invest.
PFN will open up more oppourtunities for it's shareholders in the coming months. A very solid play indeed. I'm in for the long haul here. The chart looks extremely bullish and the trend looks to be headed higher, increasing trading volumes is a sure sign the market is beginning to take notice of this underpriced gem. MACD is very positive as well. Looking likely to trade up to low 90's in short term if rising trading volume continues.
Best of luck to all.
May future endeavours, bring riches, beyond your wildest dreams.
MRCF |
