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Brian, Cash in the bank isn't everything. You also need properties, good management, and shareholder awareness. The market and professionals are tired of hearing about the endless adit that PVO is doing on El Encanto. Last I heard, they had 30 people working on this property. What is the objective?. Apart from satisfaction in figuring out the "complex geology", what are we going to gain here. It's our money that they are using. Why isn't PVO agressively pursuing other property acquisistions. The current state of the juniors suggests there should be a lot of bargains out there. The only thing moving PVO up and down is random references by newsletter writers and recently the Globe and Mail. We are almost into May, and they haven't even started a major program. Judging from the last few news releases, no matter what PVO finds on a property, they will just go on and on digging around. I've been following PVO for more than a year, and apart from trenching on El Encanto, no positive news has been forthcoming. As a shareholder, I can't follow their objectives, and frankly if I didn't already own it, it would be the last thing I would buy. John Kaiser recommended PVO in the Globe and Mail. But he already has a substantial position and is hurting just like the rest of us. He has no obligation to Globe and Mail readers, and unless his next newsletter (if it ever arrives) supports it, I would say that I will be even more disenchanted.
Robert |
