PEX 13.0% 13.0¢ peel mining limited

A 13.6% shortfall. That is not too bad a result. If the lead...

  1. 5,277 Posts.
    lightbulb Created with Sketch. 503
    A 13.6% shortfall. That is not too bad a result.

    If the lead underwriter cant offload the 2,324,503 shares it is left with then no doubt they will be hoping for some good drilling results.

    It always amazes me why Peel don't plan for the release of drilling assays to coincide with a current rights issue. Especially when they know there is a good chance of coming up with positive results. Seems to be quite common practice with some other companies i know.

    Wonder if Jim Simpson will keep the 2,857,143 shares he is now bound to take up ?
 
watchlist Created with Sketch. Add PEX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.