Agreed, issuing more shares is always dilution. There is never an even distribution of new shares during a CR. And most CR's are normally at a discount, devaluing your current shareholding.
IMO, with the current delays and the time PEN has had to work and rework the various construction and production scenarios, PEN Mgt should be well informed that production of uranium will not happen in 2014. IMO, there needs to be an enlightening realistic announcement from the Company, and not just a release/presentation of old materials.
IMO this is not the same old informative Mgt we once used to have.
Diggers & Dealers, page-13
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Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $350.5M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 11.0¢ | 10.0¢ | $1.538M | 14.43M |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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| PEN (ASX) Chart |