PEX 4.35% 12.0¢ peel mining limited

Your right FDS. A rabbit needs to be pulled out of the hat....

  1. 5,272 Posts.
    lightbulb Created with Sketch. 503
    Your right FDS. A rabbit needs to be pulled out of the hat. Because very soon they will run out of money. Something has to give. Either a cap raising at an absurdly low price. Increasing dilution. ( Imagine how that will be received by the market.The stock is now selling at half the price of the last cap raising in June 2019 ) Or they will need to sell an asset. Partially or completely.Or arrange another JV with whomever to get funds in the door. Which is just another form of a partial sale anyway.

    The disturbance caused by the virus outbreak could well continue for months to come. IMO Peel cant look to solely blame forces beyond its control ie: the falling zinc price or the Coronavirus disturbance.

    The shares have been falling for the past 18 months. Something should have been done by now to arrest the slide. The stock has now become like a property that has been on the market for too long & has not sold. It now has a stench about it. The punters are avoiding it.





    Last edited by Nijiman: 05/03/20
 
watchlist Created with Sketch. Add PEX (ASX) to my watchlist
(20min delay)
Last
12.0¢
Change
0.005(4.35%)
Mkt cap ! $69.73M
Open High Low Value Volume
11.5¢ 12.0¢ 11.5¢ $19.29K 161.7K

Buyers (Bids)

No. Vol. Price($)
4 308543 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
12.5¢ 55454 2
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
12.0¢
  Change
0.005 ( 4.35 %)
Open High Low Volume
11.5¢ 12.0¢ 11.5¢ 87688
Last updated 14.59pm 28/03/2024 ?
PEX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.