PV1 0.00% 2.7¢ provaris energy ltd

in a trading halt, page-30

  1. 2,057 Posts.
    Whats wrong with a CR at this point and time?

    It doesn't give potential new holders a good impression when you look at that chart - looks like the minute there was any chance of a rise in the SP a CR was quickly bolted out to take advantage of it.

    If things were so promising, then this CR would have been held off till then - which - if they were so promising - the SP would have also been significantly higher.

    I was going to invest in this company this morning - I had my buy order in - the second at 0.015 - and I pulled it when I saw they issued this CR.

    It just doesn't look good and doesn't install confidence.

    Also given that this stock is really trading on its near-ology to NWE - the impact of the CR will delay any short term gains that NWE will experience, making an investment here less attractive.

    All in all - I'm glad my money is in my pocket right now and I look forward to seeing how the market reacts accordingly - and if - upon further research I want in, I'll get in.

    All I can say is that the confidence I had at 6 am well and truly evaporated by 9:55 am....
 
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Last
2.7¢
Change
0.000(0.00%)
Mkt cap ! $16.21M
Open High Low Value Volume
2.8¢ 2.8¢ 2.6¢ $14.12K 525.7K

Buyers (Bids)

No. Vol. Price($)
4 247459 2.6¢
 

Sellers (Offers)

Price($) Vol. No.
2.8¢ 86600 1
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
PV1 (ASX) Chart
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