Ok, im going to try and stay calm. So Norton (who are owned by...

Ok, im going to try and stay calm.

So Norton (who are owned by the chinese) are buying over 10% of PXG at 8.3c, what I wanna know is, who was the moron who allowed this to happen?
and why did they let it happen at 8.3c? why couldn't they try and get a better deal with pxg holders?

now I know who has been shorting pxg for the last few months (even with the gold price in AUD$ at 1460 up from $1360 when pxg were 15c)
Norton are the obvious suspects, to get the price as low as they can in order to buy a big stake, well done to them, they have used the capitalist system casino that is the asx to their full advantage, good move on their behalf, and of course, PXG management had to bend over and take it.

If PXG is such a good asset, why didn't our management make Norton pay OVER 9c for their 10% stake?
Its not like PXG is a used car with 500,000 km on the clock and is all rusted, we are a brand new Ferrari and we sell it for less than its worth?
I never studied business but even a nobody like me can figure out part selling a great business like PXG for less than its worth is a stupid thing to do, period. its not like PXG are desperate.

But as always there are positives, even though they are very hard to find.

positive no.1, at least pxg SHOULDNT fall below 8.3c, unless our good friends Norton keep "shaking the tree" and get PXG down to 5c in order to buy us out for 7c.

positive 2, as least Someone sees value in pxg, theres a lot of juniors out there that no one is interested in, even with quality assets, so at least its flattering that Norton wants to bend us over.

enough said, asx is a casino, even with a strong gold price, pxg is not going back to 20c, and my 16c seems extremely expensive at the moment.