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PEK

2.63%

18.5¢ peak rare earths limited

Agree with cashman, to raise funds on market is not ideal as...

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wubing

4,133 Posts.

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30/09/14

18:41

Post #: 14051976
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Originally posted by cashman2284 ↑

I agree with you Rameez,
My original buy in price was around 50cents and I got unlucky when the price of rare earths dropped substantially. I saw the size of the deposit etc etc and thought it was a no brainer. Then the a**e fell out of the price and the SP dropped substantially. I blame myself for that and not the company.
Luckily for me (well hopefully) I bought approx 4-5 times my original holding in the 6c CR which brought my average price down under 20 cents.I feel the options will most likely expire out of the money.
Whilst it isnt great seeing so much of the company sold I still feel it gives multiples of todays share price and thats with REE's staying at the same prices they are at now. I feel they will increase by the time we are a producer.
As I mentioned yesterday I emailed the company numerous times yesterday and they believe that funding for CAPEX will be done at a substantial premium to todays prices (god you would hope so) and that the company they have paired up with will help both technically and also access to funding for CAPEX. It is now also in their best interests to reduce dilution with a 19.9% holding. (apart from the 37.5% they own that wont be).
You also have to look at companies in a segment and just be thankful we have 50% of the project and have funding. The dilution would be much much worse if they for example tried to raise all the funds on market or kept doing captial raises to fund for the next few years to get the BFS completed.

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Agree with cashman, to raise funds on market is not ideal as example can be found in ARI, LYC etc.

PEK Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 18.5¢		Change -0.005(2.63%)		Mkt cap ! $49.28M

Open	High	Low	Value	Volume
19.5¢	19.5¢	18.0¢	$73.25K	393.9K

Buyers (Bids)

No.	Vol.	Price($)
9	206095	18.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.5¢	99999	2

View Market Depth

No.	Vol.	Price($)
6	166095	0.180
5	214351	0.175
5	135000	0.170
2	91733	0.165
2	7000	0.160

Price($)	Vol.	No.
0.195	99999	2
0.205	48000	1
0.210	25789	2
0.215	1364	1
0.220	16750	1

Last trade - 16.10pm 27/09/2024 (20 minute delay)

PEK (ASX) Chart

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