PGY 0.00% 2.2¢ pilot energy limited

Its apparent they will be doing a Capital Raise very soon....

  1. 491 Posts.
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    Its apparent they will be doing a Capital Raise very soon. Probably no point buying until that is out of the way. A friend of mine had lunch with the team recently and said whilst they didn't say too much they believe they should have a major partner in some fashion over the next 6-8 weeks. He was saying any deal they do will have to have an entry fee and that they have seen a few offers. Apparently the deal SK group did with 8 rivers to buy the controlling stake in the 8 rivers company for 300Million USD (http://www.businesskorea.co.kr/news/articleView.html?idxno=110592) has lit a few fires under the Asian players bums to get involved in CCS.
    Last edited by GePembrok: 11/04/23
 
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