PEX 0.00% 10.5¢ peel mining limited

I agree Sarg, that WTRCDD220 is a good intersection. But the...

  1. 5,275 Posts.
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    I agree Sarg, that WTRCDD220 is a good intersection. But the others in your extract are nothing that are going to excite the market. Not with metal prices where they currently are.

    Holes WTRCDD229 & WTRCDD238 i believe hold the possibility of generating greater excitement. If they were to find another extensive high grade zone. Something akin to the high grade central zone of SN. I believe that is what the market will stand up & pay attention to.

    But there is obviously a serious disconnect between the market & the MO of the company. Its not a case of the market not knowing what Peel is finding.There are literally 10,000's of market players both large & small scrutinising every drill result that is released by every listed company. If the rut that Peel's share price is in was a recent phenomenon then it would be fair to state that there could be overriding concerns about Trumps trade war impacting metal demand & thus prices. Or the potential for an upcoming recession. BUT the share price has been struggling for 18 months.

    What is the common denominator in all that time ? The way the company is being run !

    At the end of the day the share price is the only yard stick that matters.
 
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