what to do, im so glad im still holding PXG, I was smart enough not to sell at the bottom when all looked lost when we touched 8c a few months ago, I was actually gonna sell when we shot up to 13.5c, I glad I didn't, I was this close to selling today at 15c, BEFORE I READ THE ANNOUNCEMENT.
EVN make a good argument, that 15c is a 50% rise from 10c where pxg were a few weeks ago, but PXG directors still argue not to accept the deal, even with pxg at 15c.
Its good the EVN offer is being extended , that gives the brokers time to pump EVN to $2 hopefully, where pxg might get to 18c
I agree with pxg directors that 15c is still lousy, considering pxg was 25c when gold was AUD$1380, we are now AUD$1615, and the stock is 15c and our reserves are a lot more now as well.
Good to see only 0.18% of holders have accepted the EVN bid, that's a good sign for us.
Even the valuation says we are worth between 15-24c.
Im still holding hoping for the best, as in EVN get to $2 and pxg get to 18c, that will be good, I know its a long shot, but could zijin shock everyone and come out with a 20c offer for pxg?
we know they have the money, and they know pxg gold is worth $1.5BILLION.
Still holding and hoping for the best for the weeks to come.
whats everyones strategy cheers.
PXG Price at posting:
15.2¢ Sentiment: Buy Disclosure: Held