re: Ann: Fully Underwritten Renouncable Right...
At first I didnt like the look of the 5c expecting the usual plunge to around 5 but I guess if you are in it for the medium to long term this is not all that relevant.
Is the 15c exercise price for the free option overly ambitious ?
If the deals in the pipeline come through as expected its an easy target - if not - well )-:
At this point I am thinking I will take up my allocation.
At least for investors who were concerned about funding then this will allay their fears. The company probably had the bucks to take them well in to next year. This raising is a low dilution move and will give them an additional 6 -8 months.
I still think it represents confidence that the next year or so will be yielding a solid increase in income.
About now would be good timing to announce that next deal -I wonder ????
PYC Price at posting:
5.9¢ Sentiment: LT Buy Disclosure: Held
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