PNN 3.53% 8.8¢ power minerals limited

Ann: Results of Non Renounceable Entitlement Issue of Shares, page-2

  1. 425 Posts.
    lightbulb Created with Sketch. 22
    No Surprise here.
    However my line of thinking goes something like this.
    The shortfall will be offered and get picked up by sophisticated investors, ( more than likely the guys who jumped in at 5.8 cents).
    Once this is done, successful results will be announced and we see SP run back to 6 to 8 cents which gives us a fair market cap valuation for where we are at, at this this point in time.

    It sounds a little lame but that's all I can hope for PNN.

    DYOR
 
watchlist Created with Sketch. Add PNN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.