PEX 0.00% 10.5¢ peel mining limited

Ann: Trading Halt, page-19

  1. 35,662 Posts.
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    pfuzzy,


    "from any other company I'd expect a clear and well communicated strategic plan of how the $32m was going to take the company into production."


    On a Timeframe/Cap Ex basis, doing something along the lines of joint use of either Auris Minerals or Manuka Resources infrastructue would be advantageous.

    It's highly unlikely to happen unless someone like Sandfire buys a decent chunck of all three companies and calls the shots.

    Egos and self interest would be the biggest inhibitor to fast-tracking development of the Cobar Basin's mineral wealth.

    Anyway, that just my thought bubble for the day.



    MI


 
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