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Walter, PVO held up quite well considering, but seems to have taken a big down-turn today. I'm surprised that people would start to dump their holdings in PVO, since at $1.60 or so it is close its 52 week low. At last count, I think they were worth $1.40 or so, based on their cash holdings alone. With $15M in cash, they have one hell of a war chest, and I would guess that they will have no problem surviving, providing they don't squander the money on bloody El Encanto. For the life of me, I can't understand why they don't dump that property, and save a couple of million. Some times, you just have to let go. I think Mr Henstridge is one of those people who likes tidy endings, and who doesn't want to walk away without knowing what the total picture is viz a viz the geology. This market demands short term possibilities. I am worried that PVO is moving way too slow, and that we will see further drifting. Regards, Robert. |
