Previous announcements stated subject to Chinese government approval. Pretty certain It's Been in a few announcements.
agree with your post regarding drilling program especially now peak has indicated that isn't its object or interest to further look at development options of those minerals, it does seems a waste of funds for drilling it to begin with. it's also not invigorated the market for funding, hence the brokers discount regarding rare earth funding appeal , maybe if we where just a phosphate play we would have more interest in the stock, as phosphate price growth compared to rare earths are almost inverted.
It kind of feels management doesn't really have a hold on things.
example is teaside sale , by own admission it's been more difficult to sell and looking at splitting up into smaller land holdings, yet the previous indicated announcements was of interested parties, this places questions what has occured or of peak management ability to understand situations that they are dealing with.
currently at 1.1 cents pre consolidation, and perhaps looking at having another billion shares if shenghe doesn't get it's Chinese approval . So could be back to pre consolidation prices .
PEK Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
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