Hello everyone, I wanted to do a quick post on PNG, as it is a perfect example of a stock that has had a tremendous upside move and yet is much lower risk today than it was before it moved.
Here is the chart courtesy of the Bay Street Doctor.
Have a watch of the video, it’s < 5 mins, I hope you enjoy!
Please reach out with any questions/comments.
Good luck!
J
Anytime, happy to "help"!
Sorry my bad
The company wanted to bullet proof the balance sheet in advance of a bunch of coming deals
CEO, who owns 8mm shares, felt it was necessary and I trust him
Brought in a few more institutions as shareholders so it is a good thing
Onward and upward!