PNX 0.00% 0.4¢ pnx metals limited

Ann: Quarterly Activities Report, page-30

  1. 1,876 Posts.
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    Happy to discuss it but if you’re going carry on like a goose I really can’t be bothered.

    Anyway I think the case presented above in regards to finance is reasonable and the life of project will increase with an upgraded resource and the fact is the gold price is significantly higher which doesn’t hurt.
    Finance is not about project life it’s about capacity to repay in agreed timeframe.


    It’s not uncommon to come across stocks that have underperformed or taken longer to deliver and there is usually a few disgruntled investors I get that.

    I just evaluate based on my timeline and facts presented, it’s a half a cent stock it would be delusional not to understand the risk but yes I will stand by my statement
 
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