Interesting thought just came to me regarding the PALA facility. They've already reached the 19.9% threshold for holdings so any amount used from the equity facility would have implications for PALA and require them I think to make a takeover offer. They probably can get around this however given their reluctance to take up all the penoa options to avoid breaching the 20% mark might there not be some reluctance to approve any dipping into this facility for any non-strategic uses ?
Ann: PEN Investor Update - May 2012 , page-59
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Last
10.3¢ |
Change
0.003(2.50%) |
Mkt cap ! $334.4M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $206.7K | 2.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 89 | 11883818 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 6886911 | 36 |
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| Last trade - 13.55pm 10/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |