NGF PXG

Phoenix 10% approx. AUD$3M cash offmarket for PXG Total 3.8M...

  1. hardrock
    430 Posts.
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    20/12/14
    19:48
    Post #: 14491874
    Phoenix 10% approx. AUD$3M cash offmarket for PXG Total 3.8M resource ounces - that's about $8/resource oz.
    KMC 100% takeover approx. AUD $15M scrip for 400koz resource - that's about $35/oz.
    Phoenix should be worth a much higher price! What a bargain for NGF!
    What a shame NGF are so illiquid with Zijin majority, otherwise their P/E is a screaming buy.
    PXG Price at posting: 9.7¢ Sentiment: None Disclosure: Not Held
    NGF Price at posting: 12.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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