Iceberg: "...why on earth would you want to raise $ 10 million at 1.7 cents and dilute existing shareholders by nearly 40 - 50%?"
Iceberg: A very good question indeed! I notice that you are a holder. What will YOU do: Take up the offer or not?
From the sound of your post, you are quite pessimistic about the outlook here? Or did I get this wrong??
Comments (also by others) on what they plan to do here with that CR most welcome. Not that it will be of consequence to me, as I as an overseas investor can anyhow not participate in this.
But it might give me a hint IF I should add some more PAB stock (to average down) whilst the PAB share-price will be near that 1.7 cents mark...
wasa
Ann: $2.4 Million Fully Underwritten Rights Issue, page-33
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Last
0.7¢ |
Change
0.001(16.7%) |
Mkt cap ! $14.40M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $2.505K | 375.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 4356781 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 2239285 | 4 |
View Market Depth
| Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
| PAB (ASX) Chart |