PEK 4.76% 20.0¢ peak rare earths limited

Ann: Shareholder Approval of Capital Consolidation, page-31

  1. 2,366 Posts.
    lightbulb Created with Sketch. 1332
    When the consolidation occurs, odd numbers of shares may lead to minor rounding losses. The main reason to be opposed at this stage is the consolidation will lead to a lot less liquidity - which cuts both ways - when a stock is falling it can fall further if the seller gets desperate - with high liquidity one can leak out small parcels without spooking the horses (or should that be pigs). Conversely, in a rising market a low liquidity will squeeze prices higher as people hurry to get set ... one can only assume this is being pitched to O/S funds who hate penny dreadfuls.
    While this stock has some attractive assets, in a market thats seeing increasing RE shortages, it wont be in production till 2024/25 at best ?
    So, IMHO, currently its a lotto ticket which needs Tanzanian government approvals before it can be taken seriously. I'd rather lose some upside, till its approvals come through - this will de-risk ++ and convert it into a probable instead of a possible.
 
watchlist Created with Sketch. Add PEK (ASX) to my watchlist
(20min delay)
Last
20.0¢
Change
-0.010(4.76%)
Mkt cap ! $53.28M
Open High Low Value Volume
21.0¢ 21.5¢ 20.0¢ $11.4K 55.82K

Buyers (Bids)

No. Vol. Price($)
3 167499 20.0¢
 

Sellers (Offers)

Price($) Vol. No.
21.0¢ 5886 1
View Market Depth
Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
PEK (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.