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Heard the same at PXG when EVN took up a position - EVOLUTION...

  1. Sharetrader78
    6,287 Posts.
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    04/02/19
    17:42
    Post #: 37325703
    Heard the same at PXG when EVN took up a position -
    EVOLUTION MAKES STRATEGIC INVESTMENT IN PHOENIX GOLD
    Evolution Mining (ASX:EVN) (“Evolution” is pleased to advise it has reached agreement with Phoenix Gold
    Limited (ASXXG) (“Phoenix” regarding a strategic investment and partnership. Under the agreement
    Evolution will subscribe for up to 105.9 million new shares in Phoenix representing a 19.9% shareholding.

    months later EVN acquired PXG for around 80% higher than the price PXG traded at when the first took the strategic investment

    And this was during GOLD's hardest bear crash ... IMHO NST will likely do the same pre-production
    Last edited by Sharetrader78: 04/02/19
    EAR Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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