PEX 0.00% 11.5¢ peel mining limited

Ann: THICK HIGH-GRADE DRILL HITS CONTINUE AT SOUTHERN NIGHTS, page-24

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  1. 4,168 Posts.
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    The trouble is Happy we need Peel management to pull their finger out & get this moving. As Crom stated in his first post this morning

     "40% Zinc drill result & yet a falling SP - not good " That sums up the problem.

    The longer the price stays bogged down ( which imo is a direct result of managements actions or lack of action ) then the higher the likelihood of a bidder gaining control for a much lower price than they would otherwise have to pay.

    For instance If someone were to come along now & start buying they could pick up a lot of stock under $0.70 / share. Lob a bid @ maybe $0.85 & then increase it once or twice along the way to a final $1.05.  I reckon in the absence of any higher offer so many holders would fall over themselves to accept. That bidder would stand a good chance of getting control. 
    Last edited by Nijiman: 24/01/19
 
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