PEX 0.00% 11.5¢ peel mining limited

Ann: Ceasing to be a substantial holder, page-6

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  1. 2,689 Posts.
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    Nijman,

    I double it was Josh and associates, because (as you said) they will own too large %.

    What's the point of owning large % of company without a full takeover? Josh and associates IMHO will not able to buy entire PEX at current price 60c and fund OPEX of T1 and drill cost.

    I double if a new entity, because many large holders own more than 10% (eg SBM) and they have the blocking shares for a full takeover.

    I had a quick look at CBH and JOGMEC, but I think they are most likely to just buy their 50% of project (MB and Wirlong, respectively) they don't already own rather than the entire PEX.

    I doubt it was another fund manager.
 
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Last
11.5¢
Change
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Mkt cap ! $63.91M
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0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 89603 11.5¢
 

Sellers (Offers)

Price($) Vol. No.
12.0¢ 118500 3
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