PXG 0.00% 15.0¢ phoenix gold limited

aud 1500, page-7

  1. 6,881 Posts.
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    I agree, once the CR is out of the way, PXG should go up considerably, Last time a couple of yr ago PXG raised the $20million to do the drilling campaign, and the stock went up to 37c after that huge $20million raising for the drilling.

    I expect the same to happen this time after this CR, markets hate uncertainly, once they know at what price and how many shares will be issued and especially if the offer is OVER subscribed (which is great sign of confidence) PXG has a great chance of getting to 25c-35c range again over the next 6-18mths.
 
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