PEX 0.00% 11.5¢ peel mining limited

Management, page-7

  1. 2,689 Posts.
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    "At the time the price was 42 cents. Under Tyson the share price then got down to 5 cents in March 2015. His excuse was the "market malaise" - I never subscribed to that, in fact it was him being out of his depth in dealing with Platypus Asset Management and Acorn Capital. They sold us down because they didn't have confidence in him."

    Yes, I made profits and those two funds lost big. We could be investing in exactly the same stock, one made big profit, one lost big. I've been watching this one since it made first discovery at MB rocketed to 70c. I waited and waited for a few years, watching daily buy/sell without buying a single share until PEX got down below 15c than bought more below 10c. Patience of waiting to buy stocks is equivalently important as patience of holding stocks. That's something those two fund managers cannot understand. They are not very smart.

    "It annoys me that he has had the audacity to take on an Executive Chairman role at Saturn Metals - he should be the Non Executive Chairman only! He's proven that he can't effectively manage multiple projects so why should I believe he can manage two jobs?"

    Agree, he cannot manage doing more than one task. His main focus is on Wagga & SN, T1/siler ray's PFS delayed almost 1 year. Now he is running two companies. I think initially he is just trying to get Saturn's manager Ian to get off a good start with some training under him, than Rob might change to non-exe of Saturn.
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