you metioned L and C are the most oversupplied by 2014, however, Pek is the one have multi-mineral with not only L and C, but Nd and Eu, photoste,Ni and Tan, along with other heavy Ree, so the value of Nangualla will be calculated by the whole lot, you can't just get one site arguing by say How Lree.....
that is why Peak need funds to prove to the whole world what it have and show the world peak might be the cheapest open pit mine with enormous multi-mineral resources of high grade which easy to process and deliver so the outcme then would be many of other ree companies had to be forced to get out the market becasue PEAK have the Compariative Advantage(if some don't know the meaning of this two words, please check the meaning)
the whole ree market is down, so the peak, but please understnad that peak has its unique advantage to move forwards, Molo and Lyas are the top 2 current, to be honest, i held a big question mark on Molo to be the top 2 by 2013, 2014, i am of the oponion that Lyans will somehow produce ree at certain stage and peak will overcome obstacles and show the market what it have and being take over then.
so peak get funds it needed and do its own bit and let the market recover and only peak prove itself first can the market treat peak fairly, so let those noise talk, peak should do it step by step.
the ree market is not that bad and we are not the market maker, so if you held strong oponion peak is the one which can thrive, stick to it, if not, wait and sell when it recover and move on.
nothing wrong with our Naugla, just some ineffeciencey of our management, i felt unhapp and disappointed,but i emphaise again, they raise the funds, some directors wanna put their money into the development of peak is the best indicator of how is peak....so the results are not that bad and managememnt is not that bad, viewing evrything from a big picture because managememt of peak is do better than many others jerk managemnts of other AXS listed, (high cash burns on Admin, low value assets, all they wnana just big pay......)
So peak mates, the turbulents will pass,we should support each other and try think and do things in a positive and constructive way.
We will be all right.
PEK Price at posting:
15.7¢ Sentiment: LT Buy Disclosure: Held
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