PEX 4.76% 11.0¢ peel mining limited

Ann: Large-scale mineral system at Wagga Tank confirmed, page-16

  1. 5,275 Posts.
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    Well Spec_hope the market is obviously looking for a more substantial release of results than the handful of intersections reported today. Sustained selling is keeping the price from running away.

    Cash on hand ? who knows at this stage. Last reported balance date was at Dec 31. That is now meaningless considering the amount of drilling & assaying taking place. I would expect another placement or raising in the not too distant future. Expenditure would be considerable given the current tempo of exploration.
 
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