Sircorp .... I agree with Mr47. Perhaps you could do more research into PRR (refer website, announcements etc).
re your comment of "issueing more capital" ... the $12m credit facility was organised prior to PRR shares taking off - at a time of desperation to "get them thru". Luckily circumstances changed & they have not needed to access these funds, the share price increased, they were able to bring in a major share holder (Freeman) for $1.5m a few weeks ago & prior to the shares spiking even though the announcement was only just made yesterday.
Hence no need to draw down on that $12m facility which is a last option, as they will now have more favourable funding options going forward.
Its a great story for patient investors v's daytraders !!
For Hamik et al .... these are my personal views & assumptions only !!
Sircorp .... I agree with Mr47. Perhaps you could do more...
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Last
34.0¢ |
Change
-0.005(1.45%) |
Mkt cap ! $493.8M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 32.5¢ | $1.317M | 3.935M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 73996 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 836970 | 4 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| IMM (ASX) Chart |