Friday is the last date.
This CR is part of the binding terms sheet with Lepidico. The previous SP drop I believe was related to some uncertainty/delays to the deal.
Jason, I have a differing view. This is not a CR for survival, which the markets hate. This is a fully underwritten offer to fund its various JVs, tenements, and of course acquisition of the L-Max technology. The 1 cent CR was disclosed long ago and based on current SP, the 1 cent should be ultra attractive and I've been calling a no-brainer. Note also there is an underlying value to PLP with fantastic growth opportunities, whereas the ones that get sold down are just a shell. Just look at PLS as an example of CR etc.
Ann: Non-renounceable rights issue-PLP.AX, page-13
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.76M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $20.95K | 9.910M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 69 | 72793985 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 74311227 | 45 |
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| LPD (ASX) Chart |