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6.00% 9.4¢ peninsula energy limited

Interesting thought just came to me regarding the PALA facility....

  1. illiquid
    1,069 Posts.
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    29/07/12
    11:55
    Post #: 10495894
    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 ?
    PEN Price at posting: 3.3¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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