re: Ann: Placement at Premium - Cornerstone I... Whilst disappointed that he placement was not done AFTER at least some of the imminent news it will put a solid base under the share price at 7.5c.
As others have said, PEN was trading sub 7c only a week ago....
The extra options and the claim that the placement is at 5c (or whatever because opf the options) - bollocks.
1. 7.5 now becomes a line i the sand.
2. The market - instos, large funds, big dollar investors - now know therte are no more juicy placements in the wind - they want a position in PEN - they buy it - ON MARKET.
3. iT'S A GOOD DEAL FOLKS - even if the instos get some extra ceram - that is they way the game works - like it or lump it.
Ann: Placement at Premium - Cornerstone Investor , page-44
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Last
9.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $299.5M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 9.5¢ | 8.8¢ | $4.430M | 47.84M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24749394 | 9.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.5¢ | 1182349 | 10 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| PEN (ASX) Chart |