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6.00% 9.4¢ peninsula energy limited

Ann: PEN Investor Update - May 2012 , page-58

  1. vintage
    13,483 Posts.
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    29/07/12
    07:04
    Post #: 10495576
    "Can't PEN tap into their $100m facility if they need cash for development instead of cap raising...just another option I guess"

    They can Simon (subject to Pala's approval) but its just a form of cap raise (as it is an 'equity facility' not a 'line of credit') and probably more dilutionary than other options, as it includes attached 2-yr options.
    PEN Price at posting: 3.3¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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