PAN have given up their majority holding out of neccessity. The 8km of prospective strike that HRN have to drill will need $$$ and PAN don’t have any of that spare at the moment!
1) They need money
2) HRN need money, and PAN are in no position to trump up their share of cash in a rights issue to maintain holding
3) PAN placing the shares in ‘friendly’ hands.
4) Now HRN can do a rights issue, 1 for 2, 1 for 3 maybe 1 for 4 and PAN can chip in their share to maintain what they have left of their holding?
i wonder why they couldn’t have kept their own holding and just issue 20-30million shares to ZETA @ 20-25c
- Forums
- ASX - By Stock
- Ann: Partial Sale of Horizon Gold Shareholding
PAN have given up their majority holding out of neccessity. The...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PAN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online