PRL extends

Yep, PRL has a rights issue in process. Now despite the comments I copied through on the last post, I don't actually agree with them, only their sentiment. In other words, I feel the stock will rise in price and rise well. But 50 cents? Well, that is a serious stretch and well outside my current pathway for growth. But will the price go over 1 cent? Yep, I reckon it will. Will it go over 1.5 cents? Yep, I reckon there is an excellent chance. Will it hit 2 cents? Patience will be rewarded here. It will hit 2 cents, but not terribly soon, and not as often as it did last year.
So at the current price, there is excellent money to be made.
Buying now, and buying at anything under 1 cent, should see really positive results and an easy achieving of my target gain. Looking at last year's performance shows that the company can provide spectacular results. And from such a low starting point, the next results should be equally spectacular (from a % point of view).
That said, PRL is still a risk. The company, like many similar-sized companies, looks at its balance sheet to the exclusion of all else. When things are going well, they relax too much. Right now, they are working extremely hard.
Still, once the share price starts to rise, and I reckon that will be in about a fortnight, the rise will be steady with a good spike in there (in my humble opinion).
More on PRL in the next post