The standstill agreement is valid only until the 17th July. This isn't far away to arrange a funding proposal.
Maybe the 17 July will allow enough time to get some draft financial accounts completed which will show the operational performance and cashflow during 2h . If there are financial covenant's in place with Carlyle then this may lead to breach / non breach remedies...
The company must be confident of obtaining the alterative funding.
I am surprised that so far raising additional equity via a share purchase plan has not been been proposed.
Ann: Pioneer enters into Standstill Agreement with Carlyle Group, page-5
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Last
49.0¢ |
Change
-0.005(1.01%) |
Mkt cap ! $78.75M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7083 | 48.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 19937 | 1 |
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| Last trade - 15.57pm 31/07/2025 (20 minute delay) ? |
| PNC (ASX) Chart |