I guess this kind of negotiation with someone more powerful would require endless face to face meetings. It is a hard job for anyone in the hot seat.
Printable View
Looks to me like PX1 is heading the same way as Provenco unless they land another major profitable contract soon imo.
Provenco bled to death as you recall after winning the Petronas multi million dollar contract. Was not able to win another oil company contract (or any other major contract) after that - servicing the Petronas contract proved to be more than the contract price!
Yes this service cost issue seems to be the underlying issue running through many of our minds.
In Theory (ok sometimes doesn't work in practice) 101 Marketing. A small company should be very careful when signing up a very powerful and large client which can dominate the Balance Sheet and makes that small company very vulnerable.
Oops..PX1 has suddenly fallen 10% before recovering to 55c..big seller at 53c ..someone desperate to get out..Not a good look..eh
Hoop just wanted to say thanks for your TA Chart posts on PX1.
My own charts aren't as pretty as yours so I don't post them, however I started reducing my overweight holding some time ago due to the TA signals you have noted. I shifted to a less risky 'free holding' as the SP slipped and held this position as a major customer gain could have changed things in a flash, however the recent CEO announcement means the odds are now against this. GLH.
I don't understand the comment re "free money".
Why do you think a "free holding" is less risky? It is money you own and you can either use it to do something desirable or useful with this money, or you can lose it. What difference does it make whether the money was a gift (free money?), an inheritance (free money?), whether you made it as capital gain ("free money?") coming from this share or from some other share ("not so free , but still free money?"), or whether you earned it doing your job (clearly not free ....).
If you own a certain amount of money - what difference does it make to you in which way you managed to make this money in the first place?
You do have an opportunity to do something useful with this money ... and you might lose it.