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2.5¢ pilot energy limited

It might be easy for them to get thru capital raising or...

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mrkiong

61 Posts.

5

03/05/17

17:46

Post #: 24448107
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Originally posted by FlyingHigh888 ↑

There would no doubt be some cost savings, but they would be minimal.
IMO the reason for this exercise is less 'resistance' down the track. The fewer shareholders the easier they are to deal with. All about percentage voting.
PGY board know they are sitting on some very valuable assets that were picked up on the cheap. When you consider that the Sino investor group effectively bought a 50% share for just over $4 mil against assets worth potentially $60 mil, one might see where this is heading. It wouldn't surprise me if we see a buyout offer in the future. Of course this would be based on fair market valuation, which would be a lot more than current .2 cents per share. Need to play the long game on this one.

All hypothesising of course!!

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It might be easy for them to get thru capital raising or consolidation?

PGY Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.5¢		Change 0.000(0.00%)		Mkt cap ! $29.72M

Open	High	Low	Value	Volume
2.6¢	2.6¢	2.5¢	$50.53K	2.012M

Buyers (Bids)

No.	Vol.	Price($)
2	451666	2.4¢

Sellers (Offers)

Price($)	Vol.	No.
2.5¢	289000	3

View Market Depth

No.	Vol.	Price($)
1	159999	0.025
3	557666	0.024
3	2899998	0.023
4	2426894	0.022
4	1476993	0.021

Price($)	Vol.	No.
0.021	40000	1
0.023	120000	1
0.025	129000	1
0.027	529091	3
0.028	327272	2

Last trade - 15.11pm 14/05/2024 (20 minute delay)


Last 2.5¢			Change 0.000 ( 3.85 %)
Open	High		Low	Volume
2.5¢	2.6¢		2.5¢	1865813
Last updated 15.50pm 14/05/2024 ?

PGY (ASX) Chart