Maybe resolutions 5, 6 and 7 to be voted on at the AGM give a...

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bigjig

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24/10/19

12:55

Post #: 41049236
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Originally posted by gobsmacked47: ↑

here is a bit more chat. I am trying to understand this stock and its movements. A few years ago there was a hostile takeover bid which we all nobbled. Change of management and then mining ceased; land is still there; sophisticated investors lined up and new capital acquired. Since then we have had "weather reports" Skies blue, holes dug, holes digging, mores holes underway. oh and just like Callie (that ones wearing a bit thin).
Last few days great volumes bad prices. buyers went below a million now back up to 2.5 million. Prices may crawl back up, no thanks to the 4.10pm seller each day who pulls the price back.
Questions are.

Are the barbarians/mongolians still at the gate?
Is this latest price drop further manipulation to flush out all Long term suckers/holders?
Why do turnovers not reflect the buy sell lists each day?
Is Christmas 2019 going to be better than previous years?
As ringo Starr famously said when questioned about the possible demise of the Beatles.

I'll just sit on my yacht and sulk!

Cheers
Gobsmacked 47.

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Maybe resolutions 5, 6 and 7 to be voted on at the AGM give a clue?

I've seen heaps of employee and/or director options automatically vesting on a takeover offer or on a successful 249 board removal for instance, but I can't ever remember one where options vest if an entity acquires control of 35% or more of votes.

Perhaps a 'corporate transaction' is in the wings?

PRX Price at posting: 9.2¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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