PXG 0.00% 15.0¢ phoenix gold limited

Ann: Trading Halt, page-9

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  1. 10,432 Posts.
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    Yes something fishy is going on here, I emailed JOn and he usually answers ALL my questions 100%, a few days ago he didn't answer my question at all and went off on answering my question talking about something totally unrelated, the cynic in me says PXG are doing a capital raising , which will obviously keep our stock price close to 10c for a few months you would think, so that Ziijin can launch a T/O bid and not have to pay too much premium.

    pxg stuck around 10-11c Z will probably only end up paying 15c or so in a T/O, if pxg didn't do a capital raising and they let pxg soar to 20c, Z would have to offer at least 30c in any T/O.

    Yep as usual its the big boys that make a killing and us small fry get taken for a ride.
 
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Currently unlisted public company.

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