@hi Gh " Then in a few months time when PLS is out of cash again " how does this happen when the company that currently has $60m in the bank raises another $111m??
PLS looks to have plenty of cash to me. I expect the SPP to be massively oversubscribed again, based on simple numbers. As of last years annual report, there were 29,522 shareholdings. Do the math on whatever percentage of that, that take up entitlements of the offer, at $10k-$30k each, we get over subscription easily IMHO.
I expect today's announcement to be about the EGM date and times for shareholders approval, as passed the 15% available for raising without approval.
I will be taking up my full entitlement and hope to be able to buy a few more cheaply, around the mid thirties. Hopefully people believe the negatives and I get some a bit cheaper.
Ann: Pilbara Minerals Equity Capital Raising, page-419
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Last
$3.16 |
Change
0.170(5.69%) |
Mkt cap ! $9.515B | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.20 | $3.05 | $117.6M | 37.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 72180 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 222212 | 12 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |