PIO - Pioneer Resources

SilverDJ said:
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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Nope not with current management - bunch of clowns who should've wised up by now.
 
SilverDJ said:
Wake me when it hits 5c
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I've got one eye partially open:

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Bobsydney said:
Where do you think this is going? Options are pricing it at .07c
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Not quite sure, but they are drilling at Pioneer Dome Lithium deposit with results due in Dec, Jan, and Feb. So a good result there could give a good boost in a positive(?) lithium market.
They have done the capital raising and are now well funded for all the drilling they want to do. So company success will ultimately come down to the luck of the drill, and general market sentiment at that time.
So PIO is probably a decent Lithium/Caesium/Tantalum play to be in.
If it doesn't come good by end of Feb then probably worth consider bailing.
0.07 would put it back to where it was back in mid 2016, so certainly possible.
 
PIOO is your best option atm - management are catching a lift on the conglomerate story - not sure that they could tie shoelaces otherwise.
 
Still not doing much, pretty much leveled out.
But they have no debt and still $5.4M in cash with ongoing projects, so not a bad position to be in, but still running at a loss.




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The price isn't doing much at the moment but the expected news flow in the coming months will hopefully see that change. It should be a great year for PIO.
 
markc said:
The price isn't doing much at the moment but the expected news flow in the coming months will hopefully see that change. It should be a great year for PIO.
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I hope so, I've been holding for a long time now.
Nothing will survive a general market crash though, so let's hope it's not this year.
 
I've been holding a substantial amount for a couple of years now but I'm in for the medium to long term.

I would prefer to wait out a recovery if a market crash did happen; assuming that the lithium, caesium, gold, cobalt and nickel markets don't fall on their ass in the process. PIO's diversification would protect it from any major drops from this price point in my opinion.
 
markc said:
I would prefer to wait out a recovery if a market crash did happen; assuming that the lithium, caesium, gold, cobalt and nickel markets don't fall on their ass in the process. PIO's diversification would protect it from any major drops from this price point in my opinion.
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I'd be amazed if any stock survived a huge market crash, even ones in a strong position, panic would override any fundamentals.
Perhaps the only chance would be for a (very rare) company that is running near their cash value.
 
markc said:
but I'm in for the medium to long term.
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You actually regard this pos as an investment?
Most are in it purely to make money out of other shareholders.
The SP chart doesn't look completely unprospective, it could spike again, that's when to get out and if you're an investor buy something that can benefit you with a share of profits or a sp that reflects profits.
The M.D isn't getting diluted but you sure as hell are: PIO at over 1.5 billlion shares diluted and counting.
21/03/18 - 4,000,000 'performance' rights awarded to M.D
Unbelievable, but I confess I only learned the stupid and expensive way, the practitioners of the share market made me poorer than any mugger or the most thorough burglar ever could have.
 
I do. The fundamentals are improving and they have a lot of great prospects on the burner. We should see them unfold this year starting with the Caesium production/offtake.

The share price will most likely reflect profit at that point and I will sell some of my holdings and free carry.
 
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