PEX 0.00% 11.5¢ peel mining limited

Ann: Large-scale mineral system at Wagga Tank confirmed, page-78

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  1. 936 Posts.
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    Hi Mickey 78,

    I agree some games are certainly being played around the closing auction....hard to know the outcome of these games as I am not seeing a large volume of sellers being sucked in by the games at the moment.

    At the end of the day the growing resource will speak for itself and these manipulations at current prices will hopefully become history....however I have seen major capping of other great success stories to only then see a low ball take-over offer become successful 6 months later as investors have become tired of no real capital growth over time.

    It is just incredibly frustrating watching a stock you know should be currently valued a lot higher based on FA that is being capped/played with by big pockets for their own short/long term reasons.........the manipulators (i.e fundies) can do as these please and it is us retailers that have to sit and suffer the wait.

    I will give it another 6 months and then if it is still being played/capped I have learnt that your capital is often better being parked elsewhere.

    Time will tell.
 
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