Why does everyone talk about Rob all the time. Clearly he has never been in charge. Maybe in charge of the drill results.
Came to this conclusion in reviewing my portfolio over a few beers at Xmas and thought the following:
1. There is clear bias to major shareholders. Share price January 18 was 86 cents and a 36 cents Capital raising in Sept 18 with 50% to SBM. I know we had a chance to participate but 1 for 8 . Get Real what about the people that bought in at 86 cents. This board has done them a major disservice..
2. From January 18 to Sept 18 there had been exceptional drill results so why did the share price drop 50 cents?
3. There has been a persistent failure to deliver a PFS even though Rob has promised it for years. Shows Rob is a soldier doing what he is told and he is expendable because his word is worth nothing.
4. Paying $3.3m for the royalties for a mine that does not exist is a waste of money for any exploration company. Surely more drill holes would have increased shareholder value more. It may have even facilitated a speed up in the PFS process.
I know the resource is there, so I will hold, but the board needs to stop destroying shareholder value. You can't blame Rob because he does not make the decisions.
Keep The Faith
- Forums
- ASX - By Stock
- PEX
- Major shareholders in control
Major shareholders in control
-
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PEX (ASX) to my watchlist
(20min delay)
|
|||||
Last
12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $69.73M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 12.0¢ | $74.14K | 617.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 45000 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 45269 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 45000 | 0.110 |
2 | 150000 | 0.100 |
1 | 50000 | 0.095 |
1 | 15000 | 0.090 |
1 | 100000 | 0.085 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 45269 | 3 |
0.130 | 70000 | 2 |
0.140 | 155111 | 3 |
0.150 | 799 | 1 |
0.155 | 10000 | 1 |
Last trade - 12.39pm 27/09/2024 (20 minute delay) ? |
Featured News
PEX (ASX) Chart |