PUA - Peak Minerals

[Knobby22]

Are they going to go back to their old name, Hills End Gold?

To be fair, reading through the history, they failed to raise enough capital to complete the Polar Aluminum plant transaction so they had no choice.

A disasterous outcome though.

 

[System]

On August 7th, 2020, Pure Alumina Limited changed its name to Peak Minerals Limited.

 

[Dona Ferentes]

everything old is new again; targets growth in the gold sector

Key Points
• The updated JORC 2012 compliant Resource Statement for the Hargraves deposit was a very robust 2,318,986t @ 2.38 g/t for 177,652 oz
• The review of data for the Hargraves and Hill End projects is advanced with a number of opportunities identified
• We are also taking the opportunity to compile the data into a single format to allow greater efficiency in modelling and to include the results of future work
• A capital raising for approximately $2 million was very well supported with strong demand for the Placement and the Entitlement Issue very well subscribed
• The focus for the Company is to continue to develop the opportunities we have at Hill End and Hargraves while also looking for additional value accretive acquisitions

 

[frugal.rock]

This one popped into my interest list again last night Dona.

Great minds think alike? or...

Small position taken.

 

[Dona Ferentes]

This one popped into my interest list again last night Dona.

Great minds think alike? or...

Small position taken.

driven by the gold price?! Think we are going to see more and more working over of old ground

(DNH)

 

[greggles]

Peak Minerals subsidiary, Vertex Minerals Limited, plans to list on the ASX, raising up to $5.5 million via an offer of up to 27,500,000 shares at an issue price of 20c per share.

Peak itself is also raising $4.9 million via a two trance placement at 1.5c per new share with one free attaching PUAOD listed option per two new shares issued. As for the proceeds of the placement:

The Company will use the proceeds from the Placement to continue exploration at its recently acquired Western Australian copper projects, including a staged drill program at the Greenrocks project expected to commence shortly. The Company will also use funds to continue exploration activities at its Earaheedy and Kimberley copper projects and for general working capital.

Nice to see management proactively pushing things along, as well as participating in the placement. The bottom might be in for PUA.

 

[frugal.rock]

I have chosen PUA for the July 2022 monthly competition, for no other reason other than it had a very little bitty bit of buying interest today, on an otherwise down day.

A dart pick only. Not held.
Not interested, to be totally honest...
?