PNN 0.00% 11.0¢ power minerals limited

Ann: Placement, page-48

  1. 552 Posts.
    lightbulb Created with Sketch. 52
    I generally don't mind a CR, or the timing of this one, or even the plunge which I think will be relatively short lived.

    What does really irk me with this one however, are two things ....

    1. It's only a tiny amount & will float them for another few months only, then what ? Back to the bucket for another snout-full of further dilution ?

    2. Only a few privileged bods get a 15% discounted price which they will probably sell down on market over the next few weeks/months anyway to take a quick buck & at the dilution 'expense of all the other loyal shareholders.

    They should have gone in for a bigger lick & included all shareholders ... that way they get cash to carry them for a decent time-frame & all shareholders get a chance at sharing the potential spoils and/or avoiding dilution.
 
watchlist Created with Sketch. Add PNN (ASX) to my watchlist
(20min delay)
Last
11.0¢
Change
0.000(0.00%)
Mkt cap ! $10.18M
Open High Low Value Volume
11.5¢ 11.5¢ 11.0¢ $13.89K 125.9K

Buyers (Bids)

No. Vol. Price($)
1 9090 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
12.0¢ 27000 1
View Market Depth
Last trade - 14.20pm 21/06/2024 (20 minute delay) ?
PNN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.