PIO - Pioneer Resources

Discussion in 'Stocks & Derivatives' started by bellinvest, Apr 20, 2016.

  1. bellinvest

    bellinvest New Member

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    The market was hoping for thick spodumene and it just didn't happen in this first round of results. I didn't agree with the trading halt (perhaps directors being overly cautious) and the market sold off accordingly.

    Some interesting hits, but no spod. They still have like 80% of the lab results to come back which is good, but early indications is saying stick to their Canada spod projects, Acra for gold and their nickel. Drilling to start very shortly in Canada which is good - confirmed thick spod pegmatites to poke.

    B
     
  2. markc

    markc Member

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  3. SilverDJ

    SilverDJ Well-Known Member

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    PIO headed into oblivion?
    I backed a complete turkey here.

    [​IMG]
     
  4. The Expanding Man

    The Expanding Man Member

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    You're not Robinson Crusoe here!!
     
  5. Highonsilver

    Highonsilver Member Silver Stacker

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    Gobble... Gobble... Your not the only one!
    If mavis lake doesn't produce good, no, great results I think its going to be painful. Being a half glass type of bloke I'm hanging on to find out what happens.
    If it all works out in Canada and Newcrest make acra happen = Happy days!!!
    Disclaimer... I don't know much about much :(
     
  6. SilverDJ

    SilverDJ Well-Known Member

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    As long as my entire portfolio is up then I can feel better about this loser and look the other way.
    I might get my money back eventually...
     
  7. markc

    markc Member

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    Impatient short term traders selling out in my opinion. I'm tempted to add more at this price.
     
  8. Caput Lupinum

    Caput Lupinum Active Member Silver Stacker

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    [​IMG]
     
  9. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    Lots of PIO lithium suckers here :p

    Stick to gold and silver
     
  10. markc

    markc Member

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  11. markc

    markc Member

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    Some interesting posts on HC by John Downs, a cesium expert:

    http://hotcopper.com.au/threads/ann...oject-nst-pio-ax.2979167/page-3#post-20389250

     
  12. Dabloodymess

    Dabloodymess Active Member

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    What a day from PIO on the back of quite a positive announcement. Maybe this is where things turn around for PIO.... we can only hope.
     
  13. Highonsilver

    Highonsilver Member Silver Stacker

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    You beat me to it..!!!
    If they get spod strikes in the rest of the drilling, it's happy days :)
    If not, the SP is going to get hammered, and I would have done me dough... again :0
     
  14. markc

    markc Member

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    Yeah it was a very nice day with big volume (30.31m). I would like to see it hold around this price for a while and build support.
     
  15. markc

    markc Member

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    Another nice day with big volume (19.22m) and a great finish to the week (Up 58.82%).
     
  16. markc

    markc Member

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  17. olifrated

    olifrated Member Silver Stacker

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    Glad I doubled up on these when they went down to 1.7 , I am now even at today's price of 2.6 ......... onwards and upwards !! hopefully
     
  18. SilverDJ

    SilverDJ Well-Known Member

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    I thought about it at 1.7c but was already heavily oversubscribed so decided not to add more weight. The usual story :rolleyes:
     
  19. markc

    markc Member

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    Yeah, I averaged down at that price as well. I'm in large @ 0.028. It's a bit of a risk digging a deeper hole when things aren't looking rosy but I believe there's a lot of upside in PIO.
     
  20. SilverDJ

    SilverDJ Well-Known Member

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    Anyone taking up the PIO share options closing on Oct 9th?
    0.014/share, last close was 0.015, up to $15k worth.

    Of course the more people that take it up, the more the shares get diluted, so it's borderline at 0.014/share.
     

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