Think some people are jumping on the wrong band wagon. Things are not ideal but they never are in trading. This to me is a high risk-high reward and set backs are always expected especially when it comes to mining. The way I read it is- when everything is up and running and paid for!!!!!
PEK will be obliged to explore the "possibility of" a processing plant in Tanzania. If possible this could seriously reduce costs.
In my circles PEK was often compared to Lynas. I have made a ton of money trading Lynas over the years. Anyone familiar with Lynas would know they have a processing plant in Malaysia with ore from Australia and have done very well, and are now looking to process in Kalgoorlie, Australia.
Good for the country, good for jobs, its only natural the GOT would do the same. Surprised it has not been mentioned sooner.
Read it as you may-
Ann: Monthly Activities/Appendix 5B Cash Flow Report, page-70
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $50.62M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.5¢ | 18.0¢ | $26.85K | 145.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 345110 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 25789 | 2 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| PEK (ASX) Chart |