PXG 0.00% 15.0¢ phoenix gold limited

Ann: Studies Delivered to Norton Gold Fields In L, page-2

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  1. 200 Posts.
    re: Ann: Studies Delivered to Norton Gold Fie... Looking at the low cash levels, I'm confident that some parasitic insto has been capping the share price to lower the VWP and buy in cheap at (as usual) the expense of the retail investor. My experience at having been a SH since the start is that Jon Price is careful to minimise dilution (he has a significant holding as well). Hopefully we won't need to raise more than 3-4 mill to pay for admin.

    The offer to Norton seems quite reasonable. 35 million for each party after costs. Let's hope Norton has capacity at their Paddington mine and agrees to go ahead in the next 1-2 months! We can then say goodbye to these vampire instos.
 
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