Hi Traps:

I more or less see risk here very much the way you do. But since I'm already positioned in the stock @ $.10, I think I'll hang in there until news of PSA permit comes, or is denied. If news is delayed beyond February, and into March, I could start viewing it as a possible negative and start laying off my position at that time. I'll cross that bridge when and if it becomes necessary. Upon further reflexion, I think at this point in time , if I were not already positioned in Simba, but still maybe considering buying a position in it, I would wait for news of the PSA before making a move

Thanks for your input!

regards,

artie

P.S. Congrats and thanks on PMI tip. Puma is movin' up nicely !