PEX 4.55% 10.5¢ peel mining limited

Re: Re: Re:Ann:Trading Halt

  1. 181 Posts.
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    Hi Sarg.

    Thanks for the comments.
    Because of the risks in mining I tend to ask what a waste if the mine does not proceed. Also could the $3m have been spent elsewhere to find more resources.

    After the funding just received (36 cents per share) proves that Wagga Tank is a bonanza then some major player will take PEX over for peanuts. We already know from the drilling results issued on 4-9-18, May 18 and March 18 that it looks really good so why issue shares at this ridiculous price. The price at May and March 18 was about 70 cents.It is not only at a bad time in the sp cycle but if the PEX management had done a budget they would have known these funds were needed several months ago. We have been scammed by at least 30 + cents per share.

    I know we can participate in the 1 for 8 but lets get real this whole deal is to make sure the big shareholders are looked after.

    Keep The Faith

    Gold Invest Unite
 
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