Ann: Trading Halt, page-85

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jimnycricket

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19/06/24

19:51

Post #: 74397999
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Originally posted by adreamer: ↑

I would sit back and see how this plays out unless you want shares. This is likely the last time you will get a chance at this price (19c) because the monkey will be off our back.

In a previous CR, it was over subscribed and the company took up the additional offered cash.

They can (should they choose) issue more shares as a result of a resolution at the AGM:

RESOLUTION – APPROVAL OF ADDITIONAL 10% CAPACITY
Broadly speaking, and subject to a number of exceptions, Listing Rule 7.1 limits the amount of equity securities that a listed company can issue without the approval of its shareholders over any 12 month period to 15% of the fully paid ordinary securities it had on issue at the start of that period.
Under Listing Rule 7.1A, however, an eligible entity can seek approval from its members, by way of a special resolution passed at its annual general meeting, to increase this 15% limit by an extra 10% to 25%.

I think they will comfortably get what they seek and more. If it is not enough to run the full trial, it will sure be enough to enable the company to operate and at a time where they are not under pressure and the SP is much higher, tap in for a quick further cash grab (If it is even needed)

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So you don’t believe the share price will decline to or be below 19cents at some stage after this CR ??

PAA Price at posting: 22.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 18.5¢		Change 0.000(0.00%)		Mkt cap ! $83.44M

Open	High	Low	Value	Volume
19.0¢	19.0¢	18.5¢	$8.214K	43.88K

Buyers (Bids)

No.	Vol.	Price($)
29	911172	18.5¢

Sellers (Offers)

Price($)	Vol.	No.
19.0¢	253529	5

View Market Depth

No.	Vol.	Price($)
29	911172	0.185
21	981552	0.180
9	749200	0.175
5	73823	0.170
3	68000	0.165

Price($)	Vol.	No.
0.190	253529	5
0.195	11579	2
0.200	203496	5
0.205	190991	6
0.210	200000	1

Last trade - 14.33pm 03/07/2024 (20 minute delay)

PAA (ASX) Chart

Ann: Trading Halt, page-85

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Ann: Trading Halt, page-85

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