Keith John has around 6.2 million shares... He must me quite motivated to find a solution .
In the recent update it points that "As at 31 March 2020, Pioneer’s PDP holdings were $274.0m (unaudited). Pro forma net assets per share, assuming a refinance of Pioneer's debt facilities, are estimated at $1.27 (unaudited)."
$1.27 is a lot higher than the existing share price of 23cents … even allowing for some bad debts the share price is at a significant discount.
Its hard to forecast the future with this one... Is the company a turn around or a receivership ?
Its a time for the Company Directors and Senior management to be proactive rather than reactive and not wait for the debt holders to try and close the company down.
PNC Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)