You're correct. We are all pi((ed off because the company has done the placement at a 20% discount to the last closing price. It's far from ideal but the fundamentals haven't changed or the US investors wouldn't have put their money in. If you don't want to stick around then sell out and move on, if you do then take up your entitlements, maybe even buy a few more under $6.00 if you have the cash and sit tight until the end of the year when I'm sure the price will be substantially higher than $6.00. Jusy my thoughts.
buying zone aud5.80 to aud6.20, page-8
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Last
44.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $73.30M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 44.5¢ | 44.0¢ | $226.2K | 509.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 158238 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 257803 | 9 |
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| Last trade - 15.23pm 23/07/2024 (20 minute delay) ? |
| PGL (ASX) Chart |