Imho 56 is about far enough for now while we and the market celebrate a 100% return on the rights issue cash we gave the company at 28 cents less then 6 months ago.
I for one am grateful that management raised so much of the cash on a pro rata basis from ordinary existing shareholders, and that most of the rest was at a premium to GRAM. With the shortfall many of us got closer to 3 for 9 than 2 for 9.
All up handled fairly and effectively by management, such that we are sharing the success without undue dilution to the insto's. [A little unfortunate about the flesh the banks carved out of us].
Looks like the market wants to celebrate with us now.
EL
PNA Price at posting:
56.0¢ Sentiment: LT Buy Disclosure: Held
