PEN 4.55% 11.5¢ peninsula energy limited

today's action , page-17

  1. 1,937 Posts.
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    Add in:

    * 19 more trading days till expected receipt of final license.

    * a few weeks after that for certainty on funding

    ALSO -

    Was very interesting to hear in the BRR interview that Gus confirmed that the equity component of the funding was to come by way of rights issue (so as to look after investors on the register and "give them first bite of the cherry"), as opposed to a placement. That means that any insto's who thought they may just sit back and get an applocation of a placement or take up any shortfall now need to be on the register (and in an appropriate size) prior to the rights issue being announced.

    No time to sit on ones hands now...

    frogga
 
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