I really l;ike PEK and hold but it is obvious that a placement is coming.
Cash at 31/12/11: $5.7m
Ngualla Acquisition: 24.3m PEK shares plus US$6m in cash
Settlement on or before 18th February, 2012.
The question for me is whether this will be to a strategic investor willing to pay a premium or not. The market is certainly signalling that it will be a regular placement to sophisticated investors probably priced around 45 cents.
Trading halt coming within days imo. After Ngualla is settled I expect the strong rise will continue.
there we go 100% of zari, page-5
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Last
19.5¢ |
Change
-0.015(7.14%) |
Mkt cap ! $51.85M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.5¢ | $88.14K | 445.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5600 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 12170 | 1 |
View Market Depth
| Last trade - 15.01pm 08/07/2024 (20 minute delay) ? |
| PEK (ASX) Chart |