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Ann: Geophysical Survey Update - Peake Project, page-7

  1. 59 Posts.
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    Hi Giovanni, Been a holder for a few years and so far been a bit of a sleeper which has been due to a few factors, where these guys are trying to drill had a few delays due to severe rain and getting equipment out there, they were managing funds quite well but due to previously mentioned reasons and lack of news flow they had to do a cap raise at a significantly discounted price (13c) whereas the initial IPO was around 35c to get funding to do additional drilling

    They spun the drill rig around mid last year and they hit a sulfide system which was Copper/Gold system, which looks like they weren't far away from a big hit .https://hotcopper.com.au/threads/ann-geophysical-surveys-and-drilling-update-peake-project.7470595/

    Share registry is very tight, which you can see due to daily volumes. and Management when they did the raise also bought in additional shares so there seems to "potentially in my opinion" be some confidence.

    I believe if they have a major hit the price will fly, sentiment right now is quite low. but DYOR and good luck
 
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