I agree it probably wouldn't be easy to take it over.
As you said, it seems there is zero retail interest. Would like a few investment companies to start buying.
SBM are sitting on a loss of millions at the moment. They aren't in it to make money, my guess is they would prefer to mine it? Thought it was a bit weird them investing in a base metals exploration company but maybe they want diversify?
For us minions though, there will be a hell of a lot of dilution before Peel strike a blow if that is their plan. In saying that dilution hurts everyone. Does hurt a little less when you give yourself a million shares a year though.
Certainly testing the patience.
PEX Price at posting:
28.5¢ Sentiment: None Disclosure: Held
