I totally agree with your points on PDN from a trading perspective Reece, long term for PDN the 'if' scenario seems to be their midas touch.
Digressing a bit, my original intro to PDN came from my Father. A great bloke who was the largest influence on my life, views, perceptions etc. Dad had a business up North during BHP and HI's early days called standard telephone communications (STC) which was responsable for all the two way radio setups at Tom Price, Newman,Headland, Karatha,Shay Gap in the early days in the Jap boom.
I remember particularily most of Dads views on business/commodities etc. He used to rattle on about lots of things to me when I was only a young un. A classic would be trying to explain how phones would one day be mobile like two way's bouncing the signal of base stations in a network spanning the country. Lol.....it happened
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Dad was an investor in the stockmarket,trading and long term holds. As an immigrant from Europe he was always a proponent of Nuclear Power/Long term energy concerns worldwide etc. Dad died a few years back with Mum left with the property and usual things, my sister and I were left with his shares. My sister has long sold hers and put to good use on her home etc and schooling for her kids. I was always a worker (had some bucks) and had little need to cash in dads shares.........moreso for the fact that they were something that reminded me of him and his decisions....a memory.
Most of the shares were blue chips, a few were trading punts.......PDN being one. Now over the past 3 years since trading/investing myself I have traded PDN quite a few times......for modest gains, but never as much as just the sit and hold mentality would have achieved !.
Anyway I still have dads original shares in PDN, there worth more than any share or singular physical asset I own (by a long shot)......dad was right
. I often joke with my Sis about it......she dosen't see the humorous side though.
Anyway who knows with PDN what the future beholds, but if the past is anything to go by its bright, Borshof is a man with foresight and excellant business savy!.