Australia's largest stock trading and investment forum Australia's #1 stock forum

PSC

Click for more information

3.00%

9.7¢ prospect resources limited

...??? full takeover from market? you should check how many...

First 21 Last

Share
Profile

Follow
vincent6319

108 Posts.

13

01/04/18

00:38

Post #: 32155315
Share

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
Upvote

0 Great analysis

Reply

Top Stories

3 stocks with antimony news on Thursday

DXB

Dimerix begins recruiting young kidney disease patients in Mexico for Phase 3

CU6

Clarity progresses SECuRE trial with positive safety results

CHN

Chalice jumps on Putin nickel export ban threat – but then there's bad news

GTR

GTI extends uranium mineralisation at Lo Hema through development drilling

There are more pages in this discussion • 21 more messages in this thread...

First 21 Last

Add PSC (ASX) to my watchlist

(20min delay)
Last 9.7¢		Change -0.003(3.00%)		Mkt cap ! $53.80M

Open	High	Low	Value	Volume
9.9¢	9.9¢	9.6¢	$12.87K	132.9K

Buyers (Bids)

No.	Vol.	Price($)
1	10406	9.6¢

Sellers (Offers)

Price($)	Vol.	No.
9.7¢	20163	1

View Market Depth

No.	Vol.	Price($)
1	10406	0.096
1	5340	0.094
1	10752	0.093
1	86900	0.092
1	5000	0.091

Price($)	Vol.	No.
0.097	20163	1
0.100	69734	3
0.105	155580	2
0.110	170580	3
0.115	150000	1

Last trade - 16.10pm 12/09/2024 (20 minute delay)

PSC (ASX) Chart