PCL 0.00% 2.1¢ pancontinental energy nl

takeover speculation - pcl & far - article, page-37

  1. 17 Posts.
    Don't know Maxi what this means. All we know for sure is that the company is worth more about 30% more than the first fall when gas was announced and there is no imminent news. It is still about 30% below the issue price though so that might be giving the share support. I don't think this is the end of this saga as the Kenyan Media are suggesting share manipulation. Doesn't help a company that has no revenue, and while they have raised plenty for the next phases of the campaign going back to the markets (if there were the need to raise more capital) with that insinuation is not great. Pan Continental needs to step up here to categorically refute claims of share manipulation and explain how they apparently drilled that much dirt in that space of time.
 
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