PXX 4.55% 10.5¢ polarx limited

Ann: Quarterly Activities Report, page-8

  1. 3,229 Posts.
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    Something smells. Not sure if it’s sweet or sour.

    Why is the bid stacked to suggest ‘demand’ but 6M sits below 4.5c?

    Why is there no real interest near the closing share price? Only 150k at 6.1c.

    Although the share price has risen with an increase in volume.

    Cash is running low. New targets are more remote, so more expensive to reach.

    Last CR was at 9c. Previous to this 10.5c and 11c. Management will want to raise enough for the entire drilling season, not just to see them through a couple months.

    If they hit some decent cores, then expect an international bidding war.

    SBM just offered $490M for Atlantic Gold in Canada.
 
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