expect cap raising spike to 50 cents

As usual with every cap raising expectation, the SP rises as SPP entitled shareholders will get cheaper shares.

I expect the SP to spike in the next few sessions. After entitlement date the SP will retreat a bit. The SPP ratio could be 1 for 7, as the funds required are 40 mill and capitalisation is around 280 million.

I plan to sell some just after entitlement when I expect the price to be around 50 cents and buy again closer to 40 cents. Ofcourse there is a risk that the horse will bolt. Therfore I plan to sell only part of my holdings at around 50 cents.

I've got all my money in PRR and hold heaps. All this is based on SPP ASSUMPTION. If the newspapers have got the names of the Brokers of the SPP, amount, ect. there must be something in the wind. Also if Nasdaq listing is announced before the SPP, this will blow my expectations higher. But in any case the SP will spike. This is based on my vast experience. Good luck.