Rod Foster and Lyle Thorn know what they are doing and taking the right approach to developing the resource. Once the resource is there and continues to develop the share price will follow. They want the share price to go up as much as anyone.
Mark Maine is also Managing Director of Peak Resources, who have had spectacular results and are very well managed (Rod Foster was also a Director until recently and has played a big part in getting PEK where it is today, from a share price of 2.5 cents 18 months ago to a high of 96 cents last week)
People on here complain that the share price was 6 cents before the GFC and hasn't recovered, but NAV was $1.40 at the same time and is now 19 cents. What they don't say is that a few months before PEK was 6 cents, it was 2 cents (albeit with less shares than are on issue today).
PRE Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
