PEX 7.41% 12.5¢ peel mining limited

FANTASTIC NEWS!!From my understanding, $1 million of Peel's...

  1. 275 Posts.
    FANTASTIC NEWS!!

    From my understanding, $1 million of Peel's expenditure has been reimbursed (for the last quarter) and a further $750k (of the $1.5 million cash call) has been provided for this quarter. That means the remaining $750k can be 'called' upon by PEX when required, and the 2nd tranche of the joint venture shall be complete.

    Verdict: FUNDING SECURED!!
 
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