I understand PEK had a preso at Shaws last Wednesday.
The impression I have 3rd hand is that they will be looking to raise somewhere near $10 mil at some stage.
Everybody knows this and can explain the poor sp performance based on recent botched cap raisings.
I mean why invest now. Just wait for the next cap raise to be flushed through.
Apparaently there has been no new corporate interest since Indaba.
HOWEVER, Directors are flying off to Korea soon about offtake agreements (hope its not North Korea !). Now that could stir up a hornets nest if anything comes of that. Imagine no more going to the market or dodgy US firms for the next cap raising. An offtake agreement with a cornerstone Korean investor (Samsung would be great !).
PEK would have a huge rerating if anything became of the Korean meetings.
preso to shaws
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