PXG 0.00% 15.0¢ phoenix gold limited

As goes NGF so goes PXG, page-3

  1. 12,928 Posts.
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    Yes I think your right Zijin and its related entities are continuing to increase their position in PXG which would double their NGF gold reserves ...

    If I did have time and was able to get hold of jon I'd love to know who is the major interest injecting the 6mill into PXG ?

    S/H's selling as they are currently is exactly what Zijin is after ..they will continue to soak up large positions through their muti entities then in time when they have 20-30% of the shares (likely av. 10-12c) they will offer 40-60% prem vwa ....

    Now how much our top20 (60%) believe in PXG going forward will be the deciding factor if we get a revised higher bid or first offer is the only offer ..
 
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Currently unlisted public company.

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