I regret to post that I doubt if there is one for Pires. We can hope that there is value in Rame but I suspect it will need massive funding. We could hope that the Directors will not want any dinner money but that is highly unlikely. Sell while there is still value.
Only a modest amount of trades in volume and value yet the sp has moved up and held.
Maybe the MMs know a little more than we do and it will be interesting to see if there is anything to come out of the cupboard.
Small buying but significant price movement shows how little stock is about. I feel sure this will make a good energy shell as it would save listing fees and is well covered by assets that can be liquidated.
PIRI is now valued at less than their investment in Rame. Other investments have potential and there is some cash. But the interest here may be that with some large shareholders and PIRI shares well below par value, something corporate may well happen. Could be a useful vehicle for an investor.
AGM early next week and interims due by 31 July. SP is at its bottom but investee companies getting interesting. I feel PIRI will need to do something significant shortly and the next ten days could be interesting. Worth a punt IMO
There was a lot of activity in the stock last we. Any thoughts on what news we can expect in the coming weeks? SP still looks a bit low to me now that there is a stronger Board in place which has a good record and contacts. Still a buy at these levels following a bit of a shake at the end of last week.
Having another look at the Interims, these were quite bullish. Cash in the bank, some useful investments and more importantly movement in the Board Room. Quality people do not join a company unless they can see potential. At half par value PIRI will make some transformational deals IMO and we should see the SP above the 0.10p again
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