PXG

Luck or skill?

I bought a second parcel of PXG on 24/11/2011 at 21.5c. Good announcement and the share price fell back. How absurd!

And then another round of good announcement and this time, because the market sentiment is positive, the share price hits 26.5c. Even at this price, the EV/ozAu is still cheap. And it has ore that are being processed into gold. Next year, it has an agreement with KMC to process their ore.

Why are people not buying gold stock cheaply? Even greater wonder is why are investors selling? I am hoping for more idiotic sellers!