PXG 0.00% 15.0¢ phoenix gold limited

IMO, NGF/Zijin putting off agreement/stalling. they don,t want a...

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  1. 168 Posts.
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    IMO,
    NGF/Zijin putting off agreement/stalling. they don,t want a J.V., they want the lot !!
    So, we trade it for coming T/O. not a certainty till it happens though.
    Aus gold getting close to$1600, Zijin want growth to continue in eastern goldfields.
    They are accumulating ounces and tenements, I heard they also have some form of caveats
    on past leases divested from earlier days, anyone in the know here ??
    Top up on pullbacks, 8 - 10c, wait for coming offer.
    Consolidation in ASX gold stocks is happening, the movers with the cash are cherry picking projects,
    Look at NST....... I topped up around 85c after averaging in a few years back now , at 9c . Best trade/investment on a gold stock for me, similar thing with LNG ltd, topping up at 23c. Ive had a few losers though and am out of most now, I,m cherry picking as well.
    Now is the time to buy, take advantage of what NGF/Z expansion plans are going on in the background.
    Fortune favours the brave, but manage your risk/reward accordingly...... sometimes S**t happens.
    It is what it is and no sense whinging..........

    Cheers
    Tonali
 
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Currently unlisted public company.

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