PEX 2.38% 10.3¢ peel mining limited

Ann: Quarterly Activities Report, page-31

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  1. 741 Posts.
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    there is no confidence in this stock because they make a discovery, make a 1/2 arse attempt at determining a resource. it disappoints, move onto another discovery. unfortunately now the market has woken up to the pattern. they see no revenue any time soon and global uncertainty. it is too risky to hold industrial metal explorers with no plan. the only saving grace is Saturn metals that looks to be progressing well and Jim Simpson (hopefully his knowledge can help discover some precious metals or progress mallee bull) and de-risk this company. I think it is massively undervalued if a plan is formed and precious metals start to be discovered just like AMI took off. silver and gold is what the market is looking for.
 
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