PSL 0.00% 1.5¢ paterson resources ltd

Ann: Capital Raising, page-18

  1. 1,240 Posts.
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    You are looking at around 4.5b shares after raise if max levels are hit before the added existing/ new options.

    whist a .007 option seems cheap, a total of $2m doesn’t get you far in the exploration game and you have to ask how the next raise would impact the options of this raise.

    I would imagine with the share register, this is starting to get close to a consolidation of atleast 10:1.

    not trying to troll, just was burnt by the options they offered last time which sat in a halt until they expired. I do note that even if they had extended the option life, it’s unlikely the .2 price would be hit.

    goodluck to holders.
 
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