PEX 4.17% 11.5¢ peel mining limited

My main reason and compelling reason for being invested here is...

  1. 9,768 Posts.
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    My main reason and compelling reason for being invested here is because I think that the company has something exceptional on it’s hands at Southern Nights.

    But on the MB PFS front, I think there has been a succession of a really worrying non-deliveries, and it’s this that is preventing the company from getting a healthy re-rate.

    I noted that in the most recent Proactive Investors video RT states that a maiden JORC resource for Southern Nights was on track for June / July, then he seemed to stumble a bit and say “well, May / June”. Interesting stuff. Maybe this is a guy whose instinct is to over-promise, but then under-delivers, who tells people what he thinks they want to hear, then ends up disappointing them. That closing part of video was where he seemed weakest, when he was talking about ‘getting into cashflow, but not quite there yet’. He looked uncomfortable, whereas he was in his element extolling the drilling results coming out of Southern Night.
    What is the plan Rob re getting into cashflow, and can you execute it?

    I think Southern Nights is shaping up as something really special. Is RT shaping up though? Can he lead PEX to the promised land(?)

    The market wants upside surprise, in all things - not only drilling results.
 
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11.5¢ 11.5¢ 11.5¢ $11.37K 98.94K

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