PEX 0.00% 13.5¢ peel mining limited

Ann: EXCITING NEW INTERCEPTS BOOST WAGGA TANK POTENTIAL, page-12

  1. 5,274 Posts.
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    Hi apt138, i think a lot of the problem is the way the registry is tied up. 3 large holding groups ( Hampton Hill & assoc, SBM & directors ) having so many shares between. It makes this virtually takeover proof. So IMO that really works against interest coming from serious money.

    However having said that i'm more concerned at the lack of buying support from the retail crowd. If it were not for the program traders then a lot of the time there would be nil demand.

    There is no one else you can blame for that except those in charge. They know they have the support of the major holders. So continue along their merry way without seeing reason to do anything differently. When your on the equivalent of $500k / year then what reason is there to do anything in a hurry. They are too scared to take a risk.These guys are not mining entrepreneurs of the ilk of Mark Creasy, Karl Simich, Andrew Forrest et al
 
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