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11.0¢ prospect resources limited

Sinomine 10m @6c, page-21

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vincent6319

108 Posts.

13

01/04/18

00:38

Post #: 32155315
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Originally posted by Von Rico ↑

Always great to see a CR at a premium so I expect it will open at upwards of 6c for starters.

Trading due back Wed morning at latest but with long weekend to put the announcement together I’m expecting Tuesday morning.

Placement gives Sino about 8.5% or thereabouts. Would not be surprised to see them buying on market to move closer to the 19.9% pre takeover threshold which I suspect may move to full takeover during the next year.

From what I can make of the Sino announcement posted on here earlier they have paid $10m upfront as part of offtake which means PSC will now have at least $30m cash to go toward building the plant.

So more investors needed over the next year and should hopefully have plenty of takers from their recent roadshow but hopefully at progressively higher prices, particularly if Sino do start to buy on market.

Hard to say where this is going to go on Tuesday (hopefully) and much will depend on the announcement spin but feeling quite confident actually.

Good luck to all.

Expand

...???
full takeover from market? you should check how many shares on market.
...???
30m cash? you should check how much cash on hand.

The only thing I agree is ... I like CR at a premium too.

PSC Price at posting: 5.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 11.0¢		Change 0.010(10.0%)		Mkt cap ! $52.65M

Open	High	Low	Value	Volume
10.0¢	11.0¢	10.0¢	$81.00K	788.9K

Buyers (Bids)

No.	Vol.	Price($)
1	20365	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	16695	2

View Market Depth

No.	Vol.	Price($)
1	20365	0.105
1	5000	0.100
2	101062	0.097
1	60000	0.090
1	500000	0.080

Price($)	Vol.	No.
0.110	16695	2
0.115	100000	1
0.120	20000	1
0.125	105000	2
0.130	74433	2

Last trade - 16.10pm 07/08/2024 (20 minute delay)

PSC (ASX) Chart