PEK 2.70% 18.0¢ peak rare earths limited

getting ready for a shake up., page-34

  1. sjl
    1,203 Posts.
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    Mm, not quite circling the drain yet. The worst case scenario I can see is that the company puts up the shutters and waits for "better times" to develop the mine, going into a holding pattern in the interim. Second worst case is a takeover at far less than the resource is worth were it properly developed.

    My gut feeling is that there are probably a few parties waiting for the pre-feasibility study (due out Real Soon Now) before committing to anything, and that we're going to see relatively low volume (486,000 shares traded so far today, around $42k worth) until that happens. But then, I'm so far underwater, I might as well ride this out to the bitter end. :(

    Disappointing, but there is still potential ... whether it's worth holding on, selling out, or buying more is something you have to decide for yourself. I've got nothing.
 
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