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13.5¢ peel mining limited

fair to say. He is very much driving this thing back into the...

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56 Posts.

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01/02/22

17:37

Post #: 59280931
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Originally posted by Nijiman: ↑

It is certainly on the nose with the market & has been for some time.

I have started to rethink Pitt's strategy. I'm now wondering whether he's just giving these guys enough rope. He constantly tops up after being diluted by every capital raising. The last few raising's he has declined to contribute to the issue. Instead buying on market for lower prices whilst the issue is being digested. Always maintaining his holding to just a percentage point or 2 below the takeover threshold. Is he now waiting for these guys to implode. Then move on in, pick up the pieces & control ???

R.T was reportedly so influenced by Aurelia nearly going broke several years ago that he became determined that such a situation would never eventuate with Peel. Ironically however he may end up being the architect of a company with so many shares on issue ( by the time they are ready to mine - " on the 12th of never " ) that the returns generated become paltry.

Ego often doesn't receive enough focus for the detrimental effect it can have upon a company.

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fair to say. He is very much driving this thing back into the ground
pun intended

PEX Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 13.5¢		Change 0.010(8.00%)		Mkt cap ! $78.44M

Open	High	Low	Value	Volume
12.5¢	13.5¢	12.5¢	$4.289K	33.94K

Buyers (Bids)

No.	Vol.	Price($)
2	55000	12.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	49999	2

View Market Depth

No.	Vol.	Price($)
2	55000	0.120
2	50000	0.115
2	354384	0.105
1	30000	0.095
1	100000	0.085

Price($)	Vol.	No.
0.135	49999	2
0.140	124999	2
0.145	157483	2
0.150	74723	3
0.155	30263	2

Last trade - 16.10pm 29/07/2024 (20 minute delay)

PEX (ASX) Chart