PEX 0.00% 11.5¢ peel mining limited

Most likely resource capital fund (100% IMO) exiting the...

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    lightbulb Created with Sketch. 48
    Most likely resource capital fund (100% IMO) exiting the register which if so means a massive stock overhang is gone. They got their shares at 16c so a 300%+ return in just over 12 months would be enough to make even the meanest private equity vampire smile.

    Can't be HHM because they haven't finished raising cash and besides it would take them above the threshold for a mandatory takeover. Interesting to see if SBM goes to 18% or someone else joins the fray.

    Screen Shot 2017-11-30 at 4.33.11 PM.png
    Last edited by pfuzzy: 30/11/17
 
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