PEK 2.27% 21.5¢ peak rare earths limited

placement

  1. 414 Posts.
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    A couple of points:

    Positives:
    - They kept the raising at a minimum to avoid dilution
    - They are still expecting the agreement with the cornerstone investor to go through this month.

    Negatives:
    - it seems like the raising was at 12c per share. was expecting a higher value.
    - The placement involves Shaws. enough said

    Overall, better than expected so i think it will be positively viewed by the market. Now we need to catch up with Lynas!
 
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