PEX 0.00% 11.5¢ peel mining limited

So I guess there is no point worrying about the day to day SP....

  1. 543 Posts.
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    So I guess there is no point worrying about the day to day SP. If management didn’t have support of the majority of big SH then yes they could be a target and it could be taken over for well under it’s real value, that hurts everyone big and small shareholders. But they have control so the best thing management can do is sure up the resource and then wait for an offer to come to them, that’s best for everyone big and small shareholders. Rob can’t rush this as someone on this thread suggested a few months ago to take advantage of a high Zn spot price like it’s a Myer Boxing Day sale. Any buyer will still do their DD, and their own drilling to get a better handle on the resource and that will take another 6 months after an offer, so either way there’s a ways to go before a cheque with an amount 5-6 times higher than the current SP turns up in the mail.
    You guys are on a winner just enjoy the ride.
 
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