Australia's largest stock trading and investment forum Australia's #1 stock forum

PM1 pure minerals limited

0.00%

3.8¢

Ann: $4.4M Raised in Strongly Supported Placement, page-8

First 8 Last

Share
Profile

Follow
sandfire

2,934 Posts.

503

21/09/20

10:37

Post #: 47496218
Share

Originally posted by sigmadelta ↑

I don't think it should be a surprise to anyone that if placees are offered a discount, that enough of them will take advantage of an immediate profit to make it painful for other shareholders. On the plus side, I suppose if you're a buyer then the cheaper they are, the better.

The reason usually given for placings rather than opening it to current shareholders, is that it is a bit more expensive and takes longer. If they need the cash quickly, this is the better option.

Expand

An SPP is more expensive, but if the cr is for $4m why not offer 25% to current holders, our shareholding has been diluted by 46%.

PM1 Price at posting: 1.9¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

STN

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

HotCopper Highlights: Trigg; Droneshield; Lumos & more

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Open: Can we squeeze one more record reset into Week 29? | July 18

AII

A new NASDAQ listing for a key player in the global critical minerals space

DRO

History repeats for DroneShield investors but carnage so far subdued

SYR

Syrah jumps +19% as graphite tariff threat spurs optimism down under

SER

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

First 8 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Ann: $4.4M Raised in Strongly Supported Placement, page-8

Top Stories

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Open: Can we squeeze one more record reset into Week 29? | July 18

A new NASDAQ listing for a key player in the global critical minerals space

History repeats for DroneShield investors but carnage so far subdued

Syrah jumps +19% as graphite tariff threat spurs optimism down under

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Featured News