For what its worth Circumspect i think that Saturn will do...

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Nijiman

5,273 Posts.

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09/04/23

15:07

Post #: 67198312
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Originally posted by Circumspect: ↑

I liked some of the recent postings on this forum.
From one of the most prominent posters of the other equally prominent, Sarge is commenting of he and nijiman, that - “we are the Ying and Yang of divergent views” I liked this one.
From RoyE, another valued poster, who in reply to nijiman says - “Sarg because he is refreshingly optimistic and loyal and because of his unwavering belief and you because of your pragmatic and informed commentary” This seems correct to me.
My opinion of the company is endorsed by the following - Jo B who says - “I used to believe in the long-term prospects of this company and its resources, but in face of the constant disconnect with market expectations, there aren't many positives left to point to, except for JS and his on-market purchases” and Nijiman who says – “The company is not misunderstood by the market. The market does not like what it sees & is not buying what Peel is selling. This is a long-term trend”
I am a long-term holder of Hampton Hill Mining (1994) and in respect of the principals (status and reputation) became a shareholder of Peel Mining (2007) and Saturn Metals (2018), however some time ago lost my enthusiasm and began thinking in accord with the latter two and sold a lot of my shares.
Roy E’s comment has made me question if I should have done that. He says – “I reviewed a few stocks today and was surprised that PEX's enterprise value is currently only $70m,” and I’m now thinking that with a cap of $70 million the shares are cheap and if the company will be in production in a year or two and even with further capital raisings and further dilution it may be a good investment opportunity.

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For what its worth Circumspect i think that Saturn will do really well.

Hampton Hill is a sleeper & eventually will rocket on the realization that that the gold royalty they hold over Apollo Hill is going to generate more money than they know what to do with. But not anytime soon. I just hope Pitt monetizes the royalty once Saturn starts production. (Getting the company back on the ASX needs to be a priority IMO. Primary Markets is too unknown & opaque.) Even though Saturn have to produce a million oz before any royalty is payable. That royalty will have substantial value long before the first cheque is due.

Last edited by Nijiman: 09/04/23

PEX Price at posting: 13.5¢ Sentiment: None Disclosure: Held
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0 Great analysis

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