PEX 4.17% 11.5¢ peel mining limited

Well i dont know about Luigi Sarg, but i bought Dalrymple in...

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  1. 4,168 Posts.
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    Well i dont know about Luigi Sarg, but i bought Dalrymple in 1993 & added to it regularly over the next 6 years until they discovered the Thunderbox deposit in 1999.

    Great price appreciation after that. BUT Dalymple then got taken over by a Lionore Mining scrip bid in 2003. Then essentially went lifeless for another 4 years. Until the nickel price hit $U.S 54,000 ton in 2007 & the crooks who ran Lionore convinced Xstrata to bid on it not long after. I say crooks because they had both Xstrata & Norilsk ( who entered the bidding war ) convinced it was a substantial company. Norilsk eventually won the day with a $6.8B bid. Then about a year after buying it realised it was essentially worthless.

    I doubt those Lionore exec's are still alive. A Russian company is not going to forgive such a con job. Anyway so by the time that was over that was a 14 year investment on my part. But a 9000% + return. Those are rare beasts.
 
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11.5¢ 11.5¢ 11.5¢ $11.37K 98.94K

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No. Vol. Price($)
1 89603 11.5¢
 

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Price($) Vol. No.
12.5¢ 113500 3
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