Very smelly this fish.

First 44 Last

Share
Profile

Follow
bevter

15,831 Posts.

216

02/03/18

10:26

Post #: 31473379
Share

Originally posted by jackfisher1 ↑

I emailed the company a month ago, they said grade control drills were on site drilling at ACAP & Tycho pits and that a consultancy company was taking over further evaluation of resources/ exploration results and will make recommendations on targeting what might have been missed over the years and prioritising exploration dollars since the departure of primary’s exploration director.

I received that information from them on the 5th of February and then the take over offer came out.

I’ve also been told that a substantial holder has sold down a % of their position and had since bought back before the 5th of February.

The whole situation is very strange from a take over perspective as the share price should be trading at 0.057 cents or a lot closer to that value for thin take over to occur.

I believe something bigger is behind what’s going on with the share price from looking at the market depth and the constant stream of sellers keeping it down.

The terms of the takeover offer for it not going through are very farftched, gold won’t be falling below $1,500 Aud per ounce nor will the index they mention fall by 10 %.

I will be waiting for the target statement in the mail and reassessing, but will most likely take the offer.

Expand

Very smelly this fish.

PGO Price at posting: 4.9¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

QGL

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

PGO

Pantera begins drilling of maiden test well at Smackover

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

TVL

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

There are more pages in this discussion • 5 more messages in this thread...

First 44 Last

Add PGO (ASX) to my watchlist

(20min delay)
Last 8.4¢		Change -0.005(5.62%)		Mkt cap ! $10.09M

Open	High	Low	Value	Volume
8.7¢	8.8¢	8.4¢	$41.07K	481.6K

Buyers (Bids)

No.	Vol.	Price($)
1	5056	8.4¢

Sellers (Offers)

Price($)	Vol.	No.
8.7¢	131766	1

View Market Depth

No.	Vol.	Price($)
1	66000	0.075
1	10000	0.071
1	50000	0.070
1	200000	0.065
1	67231	0.063

Price($)	Vol.	No.
0.081	20103	1
0.082	25517	2
0.110	991	1
0.120	80000	1
0.150	12000	1

Last trade - 15.52pm 07/11/2024 (20 minute delay)

PGO (ASX) Chart

Very smelly this fish.

Top Stories

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Pantera begins drilling of maiden test well at Smackover

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

Buyers (Bids)

Sellers (Offers)