PXG 0.00% 15.0¢ phoenix gold limited

so no one is going to bother explaining to me why does pxg have...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 6,881 Posts.
    lightbulb Created with Sketch. 97
    so no one is going to bother explaining to me why does pxg have to accept evn miserable offer?
    is pxg in corporate distress?
    are we down to our last $100,000 cash on hand?
    is the gold price down to AUD$800?
    why cant pxg just go it alone?
    sure I get it will have to do more placements, but so be it, with gold at $1550, and AISC at AUD$1000 or so, it would be making $500/oz, its just ridiculous seeing pxg caving in and selling such a great company with all of our great assets at the bottom of the independent valuation, which was 15-24c.
    it really breaks my heart, you would think the guy with the ASSETS would be wanting top dollar, and the guy who wants to buy has to accept.
    Just like if your selling your Sydney house, you want top dollar for it right?
    just like if your selling a painting that's been in your family for yrs, and you sell it at auction, you want top dollar.
    Yet our directors flog of our company, which has some of the best gold assets in Australia for a song.
    its beyond belief to be frank.
 
watchlist Created with Sketch. Add PXG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.