PXG 0.00% 15.0¢ phoenix gold limited

Ann: Trading Halt, page-7

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  1. 453 Posts.
    People need to understand how consolidation works and why juniors like Pxg are ripe for the picking.

    My take on it is that it's either NsT or EVN who will engage PXG.

    They have mills that need ore.

    EVN just purchased la manchas mill. It needs ore.

    NST have mills and also need ore to keep them running at full name plate capacity.

    NgF also need ore to fill their Paddington mill. They will achieve this via the jv they are about to sign at castle hill.

    If it was Ngf they would have acted a lot sooner. I believe they have been bet to it. The Chinese can be sometimes too smart for their own good.

    Companies are after strategic land holdings close proximity to their mills.
 
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