"Nucore gets a sizeable stake in an exciting company at still a substantial premium to recent market prices".
With respect vintage, that is still to be determined, is it not? Two weeks ago we traded at 8c and a month and a half ago, we traded at 8.7c.
Given we are now trading at 7c, with the inclusion of the PENOC's, at the end of the ten day vwap, will our SP not have to be in double figures for it to be anything like a substantial premium to recent market prices?
Don't get me wrong. These folk are the type we want involved and I'm more than happy to have them on board. I just wonder whether we need to hold back from stating how much the premium is or isn't, until we get to the end of the vwap period.
Regards RM
PEN Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
