PEK 0.00% 19.0¢ peak rare earths limited

revised chart, page-26

  1. 7,432 Posts.
    Not only the Selling has dried up but the BUYING.

    Selling is NOT only by the Roth and Zari minors.It is by all those who accumulated at 30 cents for months in anticipation of the Maiden JORC announcement which supposedly was coming out round about now.

    Wasn't the JORC suppose to herald a Cornerstone Investor?
    Weren't those London and NY Presentations let alone the Indaba Conference suppose to bring ears pinned back Overseas Buyers racheting up PEK Market Cap?

    Is this happening? No.

    Look the Fresh Blood Buyers of PEK are bled out.
    The REE sector Globally is not on fire because of the Obama invokation of the World Trade Org 'bogey man'.

    Locally the REE sector is stuffed or rather "consolidating" because of LYC Downtrend.

    and pilgrims some campaign to get press coverage to "solve" the PEK "problem"?

    Is a Joke!!
    Some of you are probably too young to have watched TV movie matinees on a Saturdee Arvo but go google Andy Hardy and Mickey Rooney and Deanna Durbin and learn the pop art saying...
    Let's put on a Show!!

    imho that's what trying to get papers like the Fin Review to "publisise" PEK is akin to-
    doing a Rooney.

    geez and you get all offended being called Polly[bleeding] Annas!!

    Geology meets the ShareMarket.
    Drum it into ya head.
    Just because you are a True Believer doesn't mean that that there is others in numbers just salvinating to join you.

    Scenario-
    PEK needs a coupla of more Millions$$ for this year's Budget for Metalurgy,Drilling and Running Expenses.
    BigBoys are waiting on the SideLine for a Placement Deal.
    Same as it ever was-Human League

    I reckon that Wonder Management should offer a Fab Deal to all existing shareholders as in Options.

    Such deal should have a "future" cutoff date for acceptance ie goes to holders holding say 2 weeks after announcement.
    Such should ignite the Share Price somewhat.

    Problem?
    I think there is still an OverHang in the 47/52 range at the veryu least by Roth.
    Also I wonder on Top 20 willingness to participate [put more money in proportional to their holding]
    and whether the other long term holders and "newbies" have any more money for such an all shareholder deal.

    Anyway such a scheme is preferable to just another Sophisto Shaw deal
    imho.

    but realise the REE sector locally and globally is both speculative and very risky.
    don't go counting chickens.

    happy trading
 
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