PXG 0.00% 15.0¢ phoenix gold limited

With a positive feasibility study, a low capex, a rising gold...

  1. 168 Posts.
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    With a positive feasibility study, a low capex, a rising gold price, a rising share price, at this stage of a break out cycle, a bank/broker rec target of 16c, the absence of sp gravity, pos upward trend beginning,NGF looking for growth, share price suppression at 8c on low volume, share price rise on higher than normal volume etc.......
    I don,t think this is a mere flurry and the huff and puff effect is because of low market cap, sentiment to resource stocks in general. Going forward, I tend to be a contrarian investor,( The BUFFET EFFECT .... buy low.) the slow capitulation of the gold /silver sector and support for gold holding at 2008 lows.
    People are starting to take notice of a company with integrity, and I think the results speak for themselves. (DYOR). Just my opinion of course, but I think a lot of PXG investors would agree with me.
    Our company has come a long way in a short amount of time, achieving objectives in a timely manner, on budget.
    This is a Kalgoorlie company, run by Kalgoorlie people, with the support of local workers, businesses and share holders.
    Management have intimate knowledge of the area we are working in, the geological success has supported this.
    Short term it will be an interesting couple of weeks, but I think in a few years time when we look back it will have been a rewarding journey, if we don,t get taken over!

    Cheers
    Tonali
 
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Currently unlisted public company.

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