PEK 2.50% 19.5¢ peak rare earths limited

start of xindong's tsunami?, page-6

  1. sjl
    1,214 Posts.
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    Well, it has to go through 6 cents to get to 30+ cents ... :P (my break even point is around 20 cents or so, after a lot of averaging down, including this last raising.)

    Really hoping that it's a case of a wink and a nod, rather than a wing and a prayer; we could do with a good turnaround in fortunes - $DEITY knows, Peak has the goods, it just needs the cash to be able to dig them up and sell them. But that said, caution is still very definitely advised; all we have right now is a two month old MOU, and a lot of speculation. (Hmm ... two months ... enough time to do due diligence and make a decision, even without the PFS?)
 
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