This is a good deal for PEK. Management would have given a lot of thought to this. They will now be in a position whereby after jorc they can now proceed confidently in the funding of the next drill campaign beginning in May.
Instead of having minimal funds after jorc and looking for a cornerstone investor before they can fully commit to the next drill campaign they are now in a better bargaining position.
Dilution with this placement is minimal.
The small amount of money raised here will be worth multiples to PEK shareholders in the next couple of months.
placement, page-31
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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $54.61M | |||
| Open | High | Low | Value | Volume |
| 20.8¢ | 21.5¢ | 20.5¢ | $9.32K | 44.75K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6906 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 7599 | 1 |
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| Last trade - 15.30pm 23/08/2024 (20 minute delay) ? |
| PEK (ASX) Chart |