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Prospect Global Resources, Inc. Message Board

  • techglass1 techglass1 Apr 23, 2013 3:14 PM Flag

    If they raise capital in the next few days the stock will soar.

    The only hold back now is that they need to raise capital. They have extended their debt maturaties with Karlsson and now they have time and flexability to develop the mine.

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    • why would they get more capital soon? Im not saying they won't but its an awful market for juniors right now. the restructuring bought some time and the other party had nothing to lose since theyd lose alot more if they went under. the response to the restructuring was dismal, but to fair ive seen similar responsed with other miners after good news. I own some PGRX and im at at 31 cents or so but its a huge risk that may never pan out. This is one of those stocks you own a modest position and wait many years and see since it may not even mine by 2016 which may as well be the year 3000 in this market.

    • That's what should happen in my (and yours) opinion but then again, I expected the stock to soar too after the announcement of the debt restructuring and look what happened... the PPS dropped back to pre-deal levels in a matter of hours.

      • 1 Reply to lbbca
      • restructuring and capital raising are leagues and ballparks apart... granted I agree with you about the drop, I was a victim of early celebration myself, only to find the 0.30ish support. However capital will definitely give us a higher support... But people must realize that everyone is anxious to get out of this stock which is why the down trend is so dominant upon good news. people, me included, want to go invest in this months bullmarket! This feels like static money. But we need steady hands to take us to a point high enough for institutions to become interested. Karlsson wouldn't have taken the less lucrative (on their behalf) restructuring deal if they didn't see value in PGRX, just like Apollo. Must never forget that PGRX broke the deal. Raising capital should turn this stock around and give confidence back... I just hope people don't make the mistake of bailing before the 1 dollar mark.

        Sentiment: Strong Buy

0.110.00(0.00%)Dec 24 12:39 PMEST

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