,Raising 30m pre updating bfs etc is a bit silly. 30m gets the company past construction ready which is not required. Better to get off takes, do the bfs etc.The whole thing stinks unless we get long term investors and a fair share of the issue.
I expect this will trade down at open but will close nearer to 10c if not up! That call is clearly over optimistic but taking out this funding question mark really does remove alot of the negative overhang and clearly there is value to be had in the current share price.
What stinks is why so much at 9c, ultimately they are diluting my ownership by 20 percent with not clear rationale for doing this much dillution. It is very suprising as pek has always been conservative in their share issuance maintaining ownership for current shareholders.
No point bickering over it though, we will know soon and it is what it is.
, Raising 30m pre updating bfs etc is a bit silly. 30m gets the...
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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $54.61M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 19.5¢ | $14.96K | 75.11K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34585 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 30000 | 1 |
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| Last trade - 15.59pm 16/08/2024 (20 minute delay) ? |
| PEK (ASX) Chart |