PSL
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6.90% 2.7¢ paterson resources ltd

Ann: Trading Halt, page-4

  1. Amiga1200
    1,061 Posts.
    lightbulb Created with Sketch. 79
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    17/08/21
    09:50
    Post #: 55342930
    IMO
    Either early reports on the drilling is not going well, so they have decided to maximize the Cap raise, or they are burning money like crazy because according to the last Cash flow statement, they had enough for 6 quarters.
    Either way I believe the SP will retreat below 5c.
    PSL Price at posting: 5.6¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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2.7¢ 		Change
-0.002(6.90%) 		Mkt cap ! $12.31M
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2.7¢ 2.7¢ 2.0¢ $19.06K 751.7K

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