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3.70% 2.8¢ provaris energy ltd

Yes, from what I understand they had 2 tranches of share...

  1. Gull1234
    240 Posts.
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    22/03/13
    18:54
    Post #: 11576494
    Yes, from what I understand they had 2 tranches of share placements to raise capital for drilling of DR-11. This was before the rise from yesterdays announcement. The share price was ranging between 1.2 and 1.5 cents prior to this, so 1.25 cents per share is NOT a heavy discount as many people will assume.
    GEV Price at posting: 18.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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