PSA 0.00% 2.1¢ petsec energy limited

looks sick, page-2

  1. Jim
    944 Posts.
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    Hey B2
    Am more positive about the prospects for PSA. There is a broker's insto arm creeping up the share register and they dont appear to have finished buying. A friend ran some back of the envelope calculations that suggested PSA is worth in the order of 42cps on existing gas discoveries and has more quality prospects to drill. As the cashflow from these discoveries is imminent i would imagine they will promote themselves more at some point soon when they have something tangible to show the market.
    i was at a rivkin show a while back when he tipped psa. unfortunately (for psa), unlike tips in his newsletter, there does not appear to be any follow up advice on what to do next. i suspect these punters just drift back out again.
    i think psa has learnt its lessons from past mistakes. for a while it was at a massive discount to cash backing. since then the share price has doubled and the cash has been halved. i expect management has invested the cash wisely. time will tell.
    good luck
 
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Currently unlisted public company.

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