"(Consistent with the 29 September 2009 announcement one of the alternatives involves offering a share purchase plan to existing shareholders.)"
kununurra,
It could very well mean that we are going to get a share purchase plan to existing shareholders, (possibly at a discount), and to be underwritten by Austock Corporate Finace, if it doesn't get fully subscribed.
Austock will then only get what the shareholders fail to accept.
IMHO, hence the sp rise. There could be investors out there wanting to take advantage of the current situation.
Buddy
PLV Price at posting:
43.2¢ Sentiment: LT Buy Disclosure: Held
