Interesting view and not to be discounted and why because:
If there was a term in the funding unknown to all that Pacific Road would only proceed on a successful share holder rights issue - Well to extend the closing time and a very positive announcement Monday that the funding is signed sealed and delivered would send the share price up over 0.12c easily and would guarantee a very successful placement - this would be better than any high grade Au announcement in the past and maybe a risk PR is willing to take after all the Due Diligence completed to date.
The alternative is: https://hotcopper.com.au/threads/ann-new-funding-package.3863195/page-24?post_id=29320340
So its came down to RED or BLACK - Which it really always was
Now as a trader the volume will be high on open - if a successful funding announcement is released - I reckon I could pick up 500k at 0.14c -016c before 11am however if VA is announced well I will go out for another coffee.No good luck to holders that view posts on HC as the risks have been well known for some time however happy trading
BLK Price at posting:
10.5¢ Sentiment: Sell Disclosure: Not Held
