well you guys keep saying PXG management is brilliant and has delivered everything it has promised so far, so im 99% sure they will get this $8-$10million needed for the ST development on financial terms that is to the benefit for all shareholders.
By the way have you guys read the 2 latest broker reports on the PXG website?
I don't remember which broker report it was but one of the reports say under the RISKS heading, that the POG will have to be substantially higher for the main castle hill project to get funding.
even though all in costs should be around AUD$989, they think even POG at $1450 will not be high enough for it to be worth enough for the bankers to lend PXG money for the castle hill project to get going?
Surely this cant be right can it? hasent everyone here said as long as POG stays above AUD$1300 the main castle hill project will definitely get funding right? ( and global financial markets don't crash)
thanks guys.
PXG Price at posting:
15.0¢ Sentiment: LT Buy Disclosure: Held