PXG 0.00% 15.0¢ phoenix gold limited

raising, thoughts & jon, page-19

  1. 6,881 Posts.
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    just 2 questions/comments id like to state.


    1.) Is this placement and entitlement offer the last "capital raising" that PXG will be doing for at least a few yrs? or will pxg have to do more capital raisings even after the ones now to get castle hill up and running?, or will the money needed for castle hill be coming from money pxg makes from this short term production?


    2.) I just wanna say I know this money grab by pxg at 13c sucks, but I think in the LT the timing might just work, with the global financial system basically held up by match sticks and banker lies, I think getting this capital raising out of the way now is a good thing, because you never know in 6mths+ we might get another 2008 style crash and credit crunch where not even BHP will be able to raise capital, let alone a pxg.
    If that were to happen we would be saying how smart Jon price was for getting the money before all this.

    You never know guys, this might have been great timing to do this capital raising now, instead of waiting and wondering, and at least the market knows where pxg stand, no more uncertainty about how pxg will fund things, its all out in the open.

    good luck guys, we wont be 13c for much longer.
 
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