PEX 7.14% 15.0¢ peel mining limited

I agree it probably wouldn't be easy to take it over. As...

  1. 53 Posts.
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    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.
 
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