PEX - Peel Mining

[barney]

Currently have around $3.5 million in cash so they will need a bit more cash not too far down the track.

However, given the drilling results you'd have to think there will be plenty of Investors happy to give them a loan when the JORC is announced

 

[doogie_goes_off]

Fundamentals are good and my basic T/A says buy now shoot for 32c

 

[Padowan]

Like the look of the recent drilling results from Wirlong, a director buying shares on market in a bullish cooper market are the main reasons I’ve picked PEX in the June monthly tipping comp.

Price has rallied since good copper results released on 20 May 2021, hoping this momentum can pick up steam in June

 

[doogie_goes_off]

Same FA trading range i posted before with a general upward trend it's in the bottom of trading range - with ~20M in the bank I'd say plenty more results should see this climb back to mid 30's - especially where Cu price is...

 

[doogie_goes_off]

205m @ 1.4% Cu (Wirlong) - getting deep. Deeper hole yet to be assayed.

And

28.84m @ 3.12% Cu with a bit of gold and sniff of silver. (Mallee Bull)


These things go to the end of the earth.

Should be a good resource upgrade.

 

[frugal.rock]

Had a quick look at this.
Appears to have some more assays pending from March quarterly
Results not in as yet, but shouldn't be too far off.
5 year chart.
Recent volume pickup has my attention.

 

[barney]

Recent volume pickup has my attention.

Thanks for the heads up Rock

Totally agree. The chart is is ripe for a 2nd move (based on "random" (standard) Spec behavior)

Move 1 = "Interest" Move 2 = "Intent"

Have an initial order in for 50,000 @.24 on open tomorrow to test the water.

If it doesn't get filled, good luck to those holding for the "Intent" stage (0.295 first port of call if it goes to plan)

 

[peter2]

Another one of the ASX's "gunna" companies. PEX has been in my top 10 for decades.
I hope they find something one day for their persistence.

 

[mullokintyre]

I would also like to extend my thanks to frugal rock.
After he mentioned it, I put some speccy orders in at 16 and 16.5, some of which got filled in July.
Up to 21.5 today, within spitting distance of my 23 exit.

 

[barney]

I unfortunately traded a bad entry into a loss on this one, but it was only a "speculator" so that goes with the territory.

Glad you made a few bob out of it @mullokintyre

 

[frugal.rock]

I would also like to extend my thanks to frugal rock.
After he mentioned it, I put some speccy orders in at 16 and 16.5, some of which got filled in July.
Up to 21.5 today, within spitting distance of my 23 exit.

I accept no credit for your win, otherwise, I would have to take credit for Barney's loss...???

I noted that PEX slowly went the way of copper prices, however it's bounced back, without much backing of copper prices rising though.
Might be a slight imbalance there?

I also think that entry price of 16 cent was the same as a recent funding expedition or something similar?

 

[barney]

I accept no credit for your win, otherwise, I would have to take credit for Barney's loss...???

Lol. You will take no credit at all for my losses Rock-man

I, like you, .... take full responsibility for my own decisions. Cheers M8. Hope trading is going ok?!

 

[frugal.rock]

Hope trading is going ok?!

Can't complain ?
Are you making a dog's breakfast of it? ?

 

[barney]

Can't complain ?
Are you making a dog's breakfast of it? ?

M8, those stats are pretty tidy if you are beating the market by that much, if running a regular trading plan.

I'm pretty flippant with my own stats. (unlike chaps like @Skate and @peter2 etc , who I admire greatly!)


My recent "port folio" swings have not been for the faint hearted, but I remain "positive"

The Spec-end is not particularly stable as we know, but can provide occasional windfalls that regular stocks can't.

Onward and upward they say!!

 

[mullokintyre]

MRE out for PEX.
Should give it a boost today.
Has not gone as high as I had hoped, maybe this time it will reach the 23 mark.
Mick

 

[barney]

MRE out for PEX. Has not gone as high as I had hoped, maybe this time it will reach the 23 mark. Mick

Haven't watched this one for a long while ..... Chart says if 15cents is revisited and broken, there may be trouble in the camp, unless some more serious Volume kicks in. Lack of readable Volume at the moment makes it tough to pick.