I really l;ike PEK and hold but it is obvious that a placement is coming.
Cash at 31/12/11: $5.7m
Ngualla Acquisition: 24.3m PEK shares plus US$6m in cash
Settlement on or before 18th February, 2012.
The question for me is whether this will be to a strategic investor willing to pay a premium or not. The market is certainly signalling that it will be a regular placement to sophisticated investors probably priced around 45 cents.
Trading halt coming within days imo. After Ngualla is settled I expect the strong rise will continue.
there we go 100% of zari, page-5
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $58.61M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.0¢ | 22.0¢ | $5.326K | 24.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 47374 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 44158 | 2 |
View Market Depth
| Last trade - 15.57pm 01/08/2024 (20 minute delay) ? |
| PEK (ASX) Chart |