re: Ann: Placement to BlackRock and Sophistic... PEN + PENOC for 2.5c not a bad deal for the clients of Hartleys.
I guess at the worst case scenario, the new holders can afford to sell PEN for 2c and PENOC for 1c, and still make 25%..
Surprise me management can only use the value of the future U contract as collateral for borrowing.
"Peninsula Energy Limited (Peninsula) is pleased to advise that it has entered into agreements with institutional and sophisticated investors to raise $2 million through the issue of 80 million new shares at 2.5 cents per share. Participants in the placement will receive one free attaching listed option (PENOC) exercisable at $0.03 on or before 31 December 2015 for every two new shares subscribed in the placement (Placement)"
Ann: Placement to BlackRock and Sophisticated Inv, page-2
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Last
8.3¢ |
Change
-0.002(2.35%) |
Mkt cap ! $270.8M | |||
| Open | High | Low | Value | Volume |
| 8.5¢ | 8.6¢ | 8.2¢ | $251.8K | 3.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 353745 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.4¢ | 178741 | 10 |
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| Last trade - 12.31pm 22/08/2024 (20 minute delay) ? |
| PEN (ASX) Chart |