Club Mulgoa

Sunday, September 16, 2012

PVD

http://www.asx.com.au/asxpdf/20120917/pdf/428r8kb4s0lc70.pdf

This is the first announcement I read this AM and it looks good.  I approached the CEO at a Proactive Investor Forum in May or June this year.  He said that success was about 20%.  Now with this seismic study, it looks better.  He can now charge JV partners more for farming-in!

This is one of few floats in 2011-2012 that made money for investors.  Even when I bought in June, it has already risen.  On Friday, I made over 60% profit; I am expecting a small jump today.  Presumably no reader was brave enough to buy PVD, a high risk stock.  It was THE only stock I bought from that seminar because I like the presentation and... the prospect.

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