In short term there will be some volatility and once new shares re released there will be those that sell for quick $$
That is reality, and should be expected.
More will be available from current holders who panic when a few others sell.
There would be not tap on the shoulder about farm-in.. there is too many people involved and would be picked up for this. Perhaps the old ‘agreement imminent’ comment may get thrown around, but that is a pretty meaningless statement now days.. not specific to PCL.
Reality is that company needs cash to get thru and this also strengthens the hand in negotiations with potential partners.
This is my view and may be wrong or right, but I will sit back for a week and try to pick up some cheapies on one of the dips.
Ann: Placement, page-53
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $113.8M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.4¢ | $633.6K | 44.62M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 9878918 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 18735192 | 7 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| PCL (ASX) Chart |