Hi vivgav.....I am familiar with IOV & will give it a miss thanks.
Hi Hectorp.....I have been in PET a good while (a year plus) & fully understand the Company, its potential SP upside & Downside. I have been very fortunate financially with other plays & if PET fails it will not be the end of the World for me.
I like sensible gambles which is how I currently view PET.....I feel it could be seen to be fairly valued at around 150p at the moment.....But obviously there are enormous problems in Iraq, hence the current SP.
It would not surprise me to see PET back upto the 150p level within the next
3-6 months....giving me #500.000 paper profit.
Anyway as we are both aware it is a gamble & is not for widows & orphans....but it is one I like.
But certainly one should not put more on PET than one is prepared to lose.