Hi marvdog,
PEK are nicely cashed up as they raised 2 M$ 2 months ago... the current cash position ought to be around 4 M$ with further money coming from the exercise of options in late December this year.
Due to their focus on the main prospect ( currently Ngualla) their cash spending is very prudent so dont worry about any cap raisings in the close future.
Imho the next cap raising will take after the receipt of the upcoming drilling results(January - February ) and will imho take place at a significantly higher sp level. Probably close to 90 c / share if the results turn out favourably.
You shouldnt worry about a cap raising as Mark Maine is an expert at raising money via quick and undilutive share placements to sophisticated investors.
Cheers
Cheers
thoughts please, page-18
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $50.62M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.5¢ | 18.0¢ | $26.85K | 145.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 345110 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 25789 | 2 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| PEK (ASX) Chart |