PXG phoenix gold limited

Ann: Trading Halt , page-13

  1. 3,351 Posts.
    Agreed.

    It will show us the management's thoughts on capital raising going forward. In relation to what they actually do with the cash, their past and current exploits show it to be excellent. The ratio of exploration expenditure vs administration is skewed to the former which is good.

    A firm that can increase its resources by such a big margin and have a short turnaround time in just 6 months is extremely credible in my books.

    But as shareholders, we will have to see what their issue price is and their intentions. Also interested to see if we have any new institutional shareholders on the books.



 
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