My 2c.
If Plan A was not a 100% certainty (and what is?) then Plan B should have been ready to go and announced when they announced Plan A had failed.
As a result of this we have an interim period where there is little incentive to buy on market, and they now have to raise at a lower share price than the market was expecting (more dilution, less future upside).
This is a straightforward case of over promising and under delivering.
Now maybe the CEO barely missed raising money at a premium and being hailed a hero, but at the end of the day it's fallen through and the share price tells the story.
- Forums
- ASX - By Stock
- PLV
- there goes the neighbourhood.
there goes the neighbourhood., page-16
-
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLV (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online