Agree...
Rather than a CR. I was hoping that an announcement would have talked about the P3drill and what is being done to meet the requirements before end of December..that way ptr gets the $13million...and the drill....
It would have been smarter to do the CR at the time the drill confirmation was announced...and get it done at a higher price....
No to use this logic....means that ptr must be running outa cash...or they are moving in other directions....
Ptr should focus on the drill....and only the drill....no distractions into Tassie or oversea stuff.......
The sooner Beach takes Ptr over the better ....get it to focus on its core business ....which at the moment is the P3drill....
It obvious to all that Ptr have not achieved any movement on that joint venture or funding of the $5million to be able to get the $13million....
Very disappointing so far...
Ann: Non-Renounceable Rights Issue , page-3
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