Club Mulgoa

Sunday, September 16, 2012

PIROA

I have lost some money by selling my PIROA a few days too early.  But a profit is always a profit and one must not regret it.  Nor be greedy.  PIR is mining in Mali where there is a civil war.

I need the cash to exercise the options.  I have 'too many' options and not enough cash.The exercise date is in December, but I want to be ready and to exercise them early.

PIR is no longer good value for money unless it finds more gold.  It must be pretty close to full value especially with the recent jump in value.

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