You want to know what our problem is. We have an asset worth around one billion dollars but our market cap is only 26 million which represents 1/38th of our supposed worth. For 7.7 cents you or anyone else for that matter can buy as many shares as you like. the asset will not disappear or reduce in share value unless someone sells their shares for less than 7.7 cents. Even if Pek increases the number of shares but sells them for 7.7 cents (or more as recently happened) then the problem remains because the asset is still in the ground, but it is still there. Our Market cap is still one 38th. Multiply 7.7c x 38 and each share would be $2.93. This asset is not going to go away and probably cant be beaten by anyone else in the world at the moment, so do you want to pay $2.93 for them in 2016. I remember recently LYC shares would cost around $2.90 a share (from memory) and now they closed today $0.0005 above Pek. Which camp would you want to be in now. 58 years from now I will be dead and buried but these shares will be in my estate for the benefit of my siblings. I have not sold one of my Pek shares so I don't really care what the price does in the meantime. Its the end game that counts. My thoughts only, guys and girls. Patience is a virtue.
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $47.95M |
Open | High | Low | Value | Volume |
18.5¢ | 18.5¢ | 18.0¢ | $33.00K | 180.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 267915 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 51000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 267915 | 0.180 |
3 | 107209 | 0.175 |
9 | 447999 | 0.170 |
2 | 12500 | 0.165 |
1 | 5000 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 51000 | 1 |
0.190 | 12262 | 1 |
0.195 | 63076 | 2 |
0.210 | 33315 | 3 |
0.225 | 13300 | 1 |
Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
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