RoyE, drilling results have continued to be good in fact very good for months now. So the price decline & lethargy is not due to average or ordinary results.
PEX has been the subject of a deliberate & systematic program trading campaign driving down the price for many many months. Managements continuing failure to meet their own deadlines & long extended periods between news releases has IMO been the root cause of this & has exacerbated price weakness. This has absolutely destroyed retail confidence on the bid side.
Management would have full knowledge of who or what entity is behind the program trading. The registry would update them on all trades either weekly or fortnightly or as often as requested.
Directors have all sorts of options available to them to delay price sensitive information. I suggest you have a good read of the relevant legislation governing that. It is no where near as simple as "price sensitive X" is known so it has to be released to the market.
Very easy to say if you don't trust management then sell out & move on. Only trouble is if one owns more than just a few shares then there are so few buyers. For a stock that is continually delivering on the exploration front then that is more than passing strange.
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