PEX 0.00% 11.5¢ peel mining limited

You're right Nijiman. It's a pretty tough market at the moment...

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  1. 11,185 Posts.
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    You're right Nijiman.

    It's a pretty tough market at the moment though, so it's not completely management's fault, but they haven't helped themselves with their moving timelines.

    I think investors will begin to start thinking Wagga Tank -Southern Nights might become another Malle Bull (ie development planning being continuously done on the never never).

    That is a risk the company can control by giving more guidance on their plans, because in the absence of forward guidance the market can start mistakenly assuming the project is not a goer.

    What Paterson's do with this shortfall will be an indication of how real this project has got.

    Esh
    Last edited by eshmun: 08/10/18
 
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