Back in now. Mainly because of what I said seven months ago when sp was 14c, 'They have done well so far, and if pog remains above AUD$1400 they WILL BE in a position of strength.'
Seems PXG is in a pretty good position. More competitive labour cost environment, and production dollars coming in alleviating fears of capital raising just to survive. Looking forward to next financial report.
Hopefully they can wrangle a huge plant deal for cents in the dollar (given HUI is so low) with gold streaming finance.
Alternatively suitors may be on their way to the florist as we enter M&A phase.
Those plants are hungry beasts.
Watch volume on this one. Find it hard to believe accumulators won't be too far away at these price levels.
Sure not the highest of grades, but the ASIC is where it pays.
PXG Price at posting:
9.3¢ Sentiment: None Disclosure: Held
