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I tend to believe all of this. A poster on the TH thread...

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futurenow

4,183 Posts.

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03/08/18

14:05

Post #: 34709202
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Originally posted by 10 ↑

I really don't know why you just don't call the Co. rather than whinge and speculate on here.

I DID call and the scoop is that the company only had capacity to issue 35.3m shares for $3.9m it just issued without another shareholder approval. Hence the non-round amount. They had subscriptions for over $6m in a couple of hours they say.

As it was, the investor cut-back was around 20-30%. It would have been even more cutback all-round with US Global on board for US$500,000 alone.

Millrock still have 25 MILLION shares helped out and wanted some cash. No biggie. The price was clearly between consenting adults based on US terms. No biggie...Its in their interest to get a large US institution on the register as well.

The news here is that yet another Major resources fund has done its DD and is on the register.

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I tend to believe all of this.

A poster on the TH thread mentioned they were only allocated two thirds of what they applied for.

If sophs and other global funds are happy to put millions in at ~11c then I'm very happy with what I hold.

Last edited by futurenow: 03/08/18

PXX Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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Last 1.3¢		Change 0.000(0.00%)		Mkt cap ! $26.65M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.3¢	$8.597K	661.3K

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No.	Vol.	Price($)
4	1820833	1.2¢

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Price($)	Vol.	No.
1.3¢	225143	2

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No.	Vol.	Price($)
4	1820833	0.012
5	729445	0.011
7	726745	0.010
1	64000	0.009
2	127500	0.008

Price($)	Vol.	No.
0.013	225143	2
0.014	3413249	5
0.015	1091892	2
0.016	777742	2
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