PXG 0.00% 15.0¢ phoenix gold limited

Ann: Receipt of Unsolicited Takeover Offer, page-25

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  1. 6,287 Posts.
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    Yes and Tranche 2 EVN was going be @ 9.3c for a extra 5.3mill ? in funds needed to drive PXG forward..If the other top5 holders had issue then why sisn't they come forward with the funds ??? If we want to explore and get into production we need the funds to do it...

    Personal I'm disgusted with how the whole NGF/Zijin dealings has gone ....it's pretty clear they never really intended to J/V toll treat with us ..this of course was clear when they out of the blue brought the biggest holder out for peanuts (what is it with the big holders of PXG talk about weak)

    --Para from a e-mail I got late April 2015 from JP--

    Agreement with Norton very close now, only minor issues with the final documents. I anticipate execution in the next few weeks. It has been very disappointing at the time it has taken to get this signed, mining should have commenced 6 months ago.

    Very likely chance we will get screwed here sadly thanks to those big holders if Zijin can get 50% plus then they can just ruin us till we sell out of desperation....and of course have a sly deal with EVN if they do as their told....
    Last edited by Sharetrader78: 24/06/15
 
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