By Tom Winnifrith | Wednesday 13 December 2017
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
At every opportunity Paternoster Resources (PRS) reminds of the vast discount to NAV at which its shares trade. Surely in such a scenario it should sell just a few shares it owns and then do a buyback of its own shares thus increasing NAV per share even more? Er...no.
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