Now that we have audited accounts issue behind us & given current lenders were comfortable to a longer standstill agreement, it is possible they will agree future lending equivalent to previously or possibly a larger amount if PNC can demonstrate profitable ongoing business. (update mentioned additional funding as a possibility). We are also in times when interest rates are likely heading lower.
This would put them in a far stronger negotiating position with potential purchasers. It will also be good position for purchasing debt ledgers form them if they are funding us.
I take comfort from fact that KJ & CFO still hold substantial number of shares. They won't want to do a bad deal & will know first hand PNC prospects.
If they re-list, would be good to see PNC executive buy a material amount of shares also.
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- Ann: Pioneer and Senior Financiers to extend Standstill Agreement
Ann: Pioneer and Senior Financiers to extend Standstill Agreement, page-29
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Last
50.5¢ |
Change
-0.015(2.88%) |
Mkt cap ! $70.89M |
Open | High | Low | Value | Volume |
51.5¢ | 51.5¢ | 48.0¢ | $36.59K | 73.47K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1816 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 16932 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5092 | 0.480 |
1 | 8958 | 0.470 |
2 | 32224 | 0.450 |
2 | 15056 | 0.420 |
1 | 17073 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 16932 | 1 |
0.510 | 35615 | 1 |
0.515 | 30000 | 1 |
0.520 | 50904 | 2 |
0.525 | 20000 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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PNC (ASX) Chart |