PEN 0.00% 9.8¢ peninsula energy limited

Silly question maybe..... SPP Offer, page-5

  1. 15,576 Posts.
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    A real estate agent will tell you the price of a property is what the market is prepared to pay for it.
    Similarly with the extra shares on issue though there will be a dilution to theoretical EPS (earning / share) if the market decides to maintain the price it will. Given the strong SP rise since the SPP was announced and now inclusive of the docs. being delivered. One may believe that a persistent reduction in market price may not occur. one reason for this is the U spot price progressing strongly upwards.
    For instance I am scratching my head as to why someone would pay 81.5c per share today when there with be 5m of more shares on issue in a month or so.
    (actually I think Gus will take over subscriptions and I hope he does).

    I don't know if it's sentiment or bots propping up the price, but for mine the binary buy / no decision isn't too hard a call for myself.
 
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