The purchase of a royalty before a BFS is completed and mining has not commenced is a bad business decision. That money should be spent on further defining the resource to enhance the BFS. After all PEX is an explorer and why buy something that may not be of any value. It would appear that major shareholders have had too much say in the management of a public company. I am very concerned that money raised is not being spent on finding valuable resources.
The CEO, is not merely the exploration manager, but under the direction of the Board optimises shareholder value. This clearly has not been considered and undertaken by PEX management. Why would a share drop by 50 cents to 36 cents given the great drilling results. I believe the Board and CEO should consider their position because ASIC is coming soon.
Keep The Faith
Gold Investors Unite
Re: Re:Ann:Trading Halt
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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 |
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| Last trade - 14.37pm 14/08/2024 (20 minute delay) ? |
| PEX (ASX) Chart |