PEX 8.00% 13.5¢ peel mining limited

Ohhh, ow!Just followed my own advice and looked at the...

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    Ohhh, ow!
    Just followed my own advice and looked at the financials
    According to the last quarterly report PEX will have $3.8m cash at Dec 31.
    Capital raise is inevitable soon - unless I have missed something (please point out if I have!).
    Another company I am following is fast approaching a similar situation and it's SP is beginning a descending death spiral.
    This needs to be addressed very quickly imho.
 
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