So this is how I think of this transaction:
1. PGC undertakes a capital raising o $201,494,830 by issuing 943,524,071 shares to CH2 at 21.4c per share
2. PGC uses the $201,494,830 capital raised to purchase all the shares in CH2
So PGC were able to undertake a substantial capital raising at higher than the prevailing share price (albeit not much greater) when normally capital raising of that size would require a deep discount.
So on the surface, a good transaction? Well that depends on whether CH2 turns out to be a good purchase.
So this is how I think of this transaction:1. PGC undertakes a...
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Last
39.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $645.5M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 39.0¢ | 37.5¢ | $23.76K | 61.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 26000 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 11500 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| PGC (ASX) Chart |