agree maoriori .... brakes were put on it for the placement at 28, then it stalled for a while.
again, it seems the placement news has overtaken the resource drill results in terms of priority and what the market thinks.
i still think the oppie deal stinks and so does the price they raised the capital at. cornerstone investor or not. the 28c was a bigger joke imo but they could 'hide' that in amongst the 'general turmoil in REE markets' theory. this still looks like a bit of pocket lining to me.
i trust nothing when it comes to placements/CR's anymore. a general statement i know, but most of them are pre known by and acted on accordingly ie. insider trading. And the sad thing is, management will always give one company line to us poor little shareholders, and a different line to those they want the real dollars from. we are mushrooms, and the rules around raisings does little to help us unfortunately.
this is still a buy of course :)
PEK Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
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