It is rather amazing that they should do a capital raising when they have no viable projects or business plan. The first reason given for doing the raising is to pay for the costs of the issue! It sounds more like a charity: Please donate. It indicates a present lack of ideas.
PTR could not raise $5M when it had an offer of an ARENA grant of $13M (gratis) and after it had already achieved admirable success with its first Paralana working well. Now it wants $500k with nothing to offer and the Paralana project abandoned.
I must say that I do feel sorry for Kallis as he had put heart and soul into the geothermal project and was within a whisker of funding the circulating well pair before JV partner TruEnergy pulled out.
Juke
- Forums
- ASX - By Stock
- PTR
- Ann: Non-Renounceable Rights Issue
Ann: Non-Renounceable Rights Issue, page-4
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PTR (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.8¢ |
Change
0.003(5.45%) |
Mkt cap ! $15.97M |
Open | High | Low | Value | Volume |
5.7¢ | 6.2¢ | 5.7¢ | $63.26K | 1.056M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 593755 | 5.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 321310 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 693755 | 0.058 |
1 | 10000 | 0.056 |
1 | 347733 | 0.055 |
1 | 92592 | 0.054 |
1 | 16176 | 0.053 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 321310 | 1 |
0.064 | 8000 | 1 |
0.065 | 10000 | 1 |
0.067 | 46271 | 1 |
0.070 | 24585 | 2 |
Last trade - 14.49pm 10/10/2024 (20 minute delay) ? |
Featured News
PTR (ASX) Chart |
The Watchlist
EL8
ELEVATE URANIUM LTD
Murray Hill, MD & CEO
Murray Hill
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online