The word getting around is whatever you are wanting to get around. If you are wanting to pick up more shares for the entitlement then you would probably want to talk the SP down short term! Pesonally, I have close to my fill and am happy they are letting me in on the deal.
I see this as very positive. The fact is that they need more funds to move the projects forward. Now PEN will have the funds to accelerate their projects. Huge resources on line earlier. Millions of lbs of uranium leading to $$$ in profit sooner.
$10 million extra on the balance sheet to work with. They have looked at their options and chosen this one as being the best at the moment.
They have chosen not to use the line of credit and instead given us all an opportunity to get more shares at rock bottom prices.
Get your shares before April 7th to be in oh the rights issue,.... it sounds like some are considering getting out...or are they? BEWARE THE WOLF!
everyone in, page-4
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $334.3M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $1.047M | 10.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 70 | 9842754 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 4002799 | 32 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PEN (ASX) Chart |