Club Mulgoa

Monday, July 22, 2013

PIR

Once sold down yet, its economics are too good.  Politically, it was once nearly a pariah due to Islamists occupation of western and northern Mali with a Tuareg insurgency.  With thanks to the French, the unwelcomed invaders have been pushed out.

However, there was nothing to explain why the share price has been rising and rising recently.  Today, when you look at the announcement that the resource has been extended with good drilling results, you know that it HAS to be insider trading.  This is so unfair but the ASX is usually very limp about investigating it.

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