I think the smart sellers are getting out now before PTF announces the effects of 51-101 on their reserves as PGH did today.
Looking what happened to PGH today, that could happen to PTF, except PTF already traded at $10.95 a couple of days ago without any restatement of their reserves.
So PTF trading in single digits would not surprise me in that event!
Even RJ's new wildly optimistic price target of C$16.00 only equates to $12.00 while the average of the other CanRoy analysts price targets would probably have PTF at $10.50. And those are ALL without any reserve adjustments.
Oversold... I don't think so!
Also think all the new former tech investors here should realize this CanRoy is dually traded and there are no MM. Proiblem is there are NO buyers!!!
You can bitch about the MM's but I haven't hear one of you say PGH or PTF traded lower than your limit ORDER!!! There are no BUY orders to keep the prices up!!! Simple as that.
How about BTE, CGN and AVN....inre restating ..this past week and today they are being hit? Disclosure.....I own these along with PTF and PWI. ....no PVX or PWI.Do you think this is across the board? TIA
glad you bring up one of the flaws in the eveil MM's"stuff.but anyone dealing in the markets needs to get off the "price is down because of MM's"crap.prices go down,stops get hit,when there are more sellers than buyers-it is really that simple,pure supply/demand.the MM excuse is just a way to pretend that downticks are artificial-but they are not.