PEX 4.17% 11.5¢ peel mining limited

Personally i don't think further  "drill positives " will make...

  1. 4,168 Posts.
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    Personally i don't think further  "drill positives " will make all that much difference ! Why would they. We have been getting drill positives all year. Meanwhile the price drives ever lower. Drill positives or lack of is not the issue that is impacting the price. 


    Certainly going to be fascinating to eventually ( whenever that may be ) sight the Mallee Bull PFS that they have been sitting on for a long time now. If the glacial pace they have moved to produce that document is any indication then cash flow may be a long time off. 

    Now we have the wild gyrations of the U.S market to contend with. If they had kept to their timelines we could be done with permitting & be digging out Silver Ray by now. That would have at least put a somewhat of a floor under the share price. 


    He doesn't need to be sacked. Just redefine his role to exploration manager. Hire someone else to run the show.
 
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