Ann: Entitlement Offer Closing Date Extended, page-54

First 54 Last

Share
Profile

Follow
P3COrion

181 Posts.

68

25/11/21

11:48

Post #: 57845431
Share

Originally posted by Dave Down Under: ↑

Hey mate

whilst it pains me to have a view at odds to tours, I am unfortunately in this instance inclined to agree with WineCollectors view that the extension has much more to do with lack of holders taking up the offer than postal delays, as I suspect enough holders would have received the offer by email allowing for timely action for the company to have known by now whether the offer was in trouble or not and believe the extension is proof of this.

I am of the firm view that what has killed the SP appreciation leading into the EMA announcement coming out of it is simply the published date for expected commercialisation, alongside the news of no impending partnership with Sarepta and, as MD was very specific in my opinion to have made clear in the webinar that there was no urgent need to be looking for this in the short term, I don't see any impetus for a SP jump this side of year end with the offer extension to dec 17th. There could well be holders who, given reset timeline expectations, may even consider it prudent to sell to look for other opportunities, before then returning in a years time or so. Sure you could lose out if a partnership drops before we now expect but I have learned the hard way about lost opportunity.
That said, I do not plan on selling my shares.

I am getting the sentiment about MD for a lot of LTermers from WineCollecter's post, but I personally think any director resignations though would have a negative impact on SP from what I have seen previously with other companies.

What I am going to be looking forward to seeing is whether or not any retail shortfall is scooped up and how successful the Instos/funds are in getting from 24c to their usual target 30% return from Jan 1 ....

And all the while I continue to hold I will pray for a miracle that proves my expectations wrong so that we can indeed have cause to schedule our Maccas party much sooner rather than later..... although I called 30 mins into the 1st episode of Squid game that player 1 would turn out to be the game creator and the masked man was the cops brother... so it is going to have to be a big miracle

keeping the faith
Dave

Expand

Dave,
Agree with you and some others on this thread that generally speaking an extension is rarely positive and usually indicates a lack of interest; and I suspect you are correct that there is a lack of retail interest in the current offer considering the SP.

However, I am wondering whether strategically ANP have extended the offering to the other side of the AGM in the hope the offer will be taken up under the belief that the SP might increase to 24c or greater on the back of (materialised or forecast) positive news..

Also keeping the faith!

ANP Price at posting: 20.3¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

MYE

Metarock falls -10% as QLD regulator takes it to court over 2021 death of Graham Dawson – after raiding company offices

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

PEN

Peninsula promises restart of Lance uranium project in Wyoming by the end of 2024

Centuria Capital tops Wealth Within's stock picks

EIQ

Echo IQ tests show heart failure can be detected in 86% of cases with AI

There are more pages in this discussion • 8 more messages in this thread...

First 54 Last

Add PER (ASX) to my watchlist

(20min delay)
Last 8.3¢		Change -0.002(2.35%)		Mkt cap ! $74.82M

Open	High	Low	Value	Volume
8.3¢	8.4¢	8.3¢	$33.95K	407.4K

Buyers (Bids)

No.	Vol.	Price($)
2	12164	8.2¢

Sellers (Offers)

Price($)	Vol.	No.
8.4¢	1366	1

View Market Depth

No.	Vol.	Price($)
2	12164	0.082
2	143500	0.081
2	106250	0.080
3	132078	0.079
2	120924	0.078

Price($)	Vol.	No.
0.084	1366	1
0.085	136669	3
0.086	27375	1
0.087	429525	2
0.088	457142	2

Last trade - 15.57pm 03/09/2024 (20 minute delay)

PER (ASX) Chart

Ann: Entitlement Offer Closing Date Extended, page-54

Metarock falls -10% as QLD regulator takes it to court over 2021 death of Graham Dawson – after raiding company offices

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

Peninsula promises restart of Lance uranium project in Wyoming by the end of 2024

Centuria Capital tops Wealth Within's stock picks

Echo IQ tests show heart failure can be detected in 86% of cases with AI

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Entitlement Offer Closing Date Extended, page-54

Top Stories

Metarock falls -10% as QLD regulator takes it to court over 2021 death of Graham Dawson – after raiding company offices

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

Peninsula promises restart of Lance uranium project in Wyoming by the end of 2024

Centuria Capital tops Wealth Within's stock picks

Echo IQ tests show heart failure can be detected in 86% of cases with AI

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News