I was just hoping for peoples thoughst on the below points as I am not at all experienced in share market investing and would like to better understand.
1. If the SPP was oversubscribed does that mean there were basically a lot of investors that would have been given the chance to go through the books very thoroughly and were then impressed enough that they were clamouring to jump on board?
2. If the debt is refinanced at more favourable terms would that be a massive vote of confidence?
Going on PNA's past track record they have never failed to deliver on what was promised..they have been fairly clear that the debt will be refinanced and I for one have absolutely no reason to doubt that it will be.
Its all basically down to the price of copper now. I picked up more today.
PNA Price at posting:
15.6¢ Sentiment: Buy Disclosure: Held
