Hi PCL holders,
If we take resent interests/ performance on FAR as a guide, I think a share price of around 12- 14 cents before drilling for PCL would be a reasonable estimate, if overall market condition is good.
But the thing is PCL need working capital very urgently. (Some $943,000 left in the bank, based on last Qty C/F report) Although it is possible that PCL may get some $1m payment from Tullow, but this is conditional!!!!
No matter the Right issue or SPP announcement coming out, in my opinion the share price will tend to fall.
But my observation is at moment there is still a lot of buying interests in the market for PCL, and looks like there will be no Cap raising coming up.
Can anyone explain this? You commend will be appreciated, thanks.
May be PCL will wait (for Capital raising) until new lease is granted in Afric?
any news on rights issue or spp?
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $138.2M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.6¢ | $97.89K | 5.773M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 14050519 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 4137386 | 5 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| PCL (ASX) Chart |