Not a bad guess @Yoda Seems like Aussie management is not afraid to do deals - NST, BHP, NCM, S32 - although PXX is right down the small end. But it does have BIG targets - 2-4Bt for each of Mars & Saturn apparently - which would certainly interest the big boys. And FT has said on a couple of occasions that several of the majors have signed confidentiality agreements and three have actually visited site.. However, none of this speculation answers the question of why there is a persistent seller. Unless it is Millrock dumping the last of its holding. Anyway, we'll find out the news next Monday I suppose. One east coast broker is rallying the sales force for an in-house presentation & teleconference from PXX management next Tuesday morning.
PXX Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
