PGY 5.26% 2.0¢ pilot energy limited

NO Capital Raise to all SH by PGY - Only Placement My guess is...

  1. 40 Posts.
    lightbulb Created with Sketch. 19
    NO Capital Raise to all SH by PGY - Only Placement
    My guess is that PGY do not Capital Raise short term to all shareholders but a Placement 'Issued under the Company's Placement Capacity'.
    Then when the share price is higher PGY go ahead and do a Rights issue.
    This would make sense anyway in my opinion to minimise dilution and raise maximum funds.
 
watchlist Created with Sketch. Add PGY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.