PEX 0.00% 11.5¢ peel mining limited

Ann: THICK HIGH-GRADE DRILL HITS CONTINUE AT SOUTHERN NIGHTS, page-25

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  1. 2,237 Posts.
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    Depends on your definition of cracking on.
    They have 2 drills running 24/7 @SN sitting on a major ore load. They keep pushing out the big numbers with every assay release. Then there's the ring still needing drilling.
    They are doing what an exploration company do...exploring. I note Vassie doesn't use words lightly or outside of definition...so here's what "inorganic growth" actually means:

    "Inorganic growth is the rate of growth of business, sales expansion etc. by increasing output and business reach by acquiring new businesses by way of mergers, acquisitions and take-overs. ... This term is usually related with financial sectors showing expanding business and profits.Wikipedia"

    Make no mistake the market has been guided. He won't say a word again, imo, until the strike. I cannot image however this will be a cakewalk for SBM..M&A's are now the best way forward for fast growth for miners, seen recently in the North American gold sector.
    Who else could be interested? Plenty of candidates..and IF SBM get pipped on this big discovery..what a bitter blow it would be for their growth.
    It's not cash they need, it's new minerals. It's the beginning of game on, imo.
 
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