Regards CLQ
" under the terms Pengxin are to make an initial investment of A$81M by purchasing $~92M shares at 88c to own 16.2% of the company"
If Pengxin want some value they could (if it was my decision) have the 5 million to be raised in PGM at current share price or there abouts (0.16) and for 5 mill bucks they would own 12.5% of PGM. 12.5% of PGM for 5 mill vs 16.2% for 88 million.
They would have to show they a timeline and serious plan for getting us into production.
Management have a good bargaining position for this capital raise. If a big enough company parks some funds here and shows an intention to develop, then we stop being a value trap.
o.k enough from me...
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Last
2.6¢ |
Change
0.003(13.0%) |
Mkt cap ! $16.20M |
Open | High | Low | Value | Volume |
2.4¢ | 2.7¢ | 2.4¢ | $8.095K | 322.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 41625 | 2.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 543963 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 52347 | 0.023 |
3 | 213909 | 0.022 |
1 | 369002 | 0.021 |
3 | 450000 | 0.020 |
2 | 624046 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 483963 | 2 |
0.028 | 248032 | 3 |
0.029 | 300000 | 1 |
0.030 | 717972 | 2 |
0.031 | 90785 | 2 |
Last trade - 15.41pm 08/08/2024 (20 minute delay) ? |
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