A valuation perspective.
- SBM buys 10 million shares for 50 cents on 30-11- 2017 on the back of a high zinc find. If SBM pays 50 cents then SBM views PEX worth at least $1.
- PEX shares go to 86 cents at end of January 2018.
- Management mismanages share price with the share price dropping 50 cents to the issue price.
- No effective communication by management of the PEX story.
- Exceptional drilling results issued 4-9-2018.
- Trading Halt and shares issued to SBM at $0.36 on 7-9-2018.
Surely ASIC needs to review these simple facts because this amounts to more than just a speed ticket.
I would appreciate any more comments from you fellow investors because this stinks to high hell and I am not going to sit back and get raped anymore.
Keep the Faith
Gold Investors Unite
Disgraceful share price mismanagement
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $61.01M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $2.967K | 28.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 167318 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 71666 | 1 |
View Market Depth
| Last trade - 14.37pm 14/08/2024 (20 minute delay) ? |
| PEX (ASX) Chart |