Nammuldi...I agree with ur reply. PCL mgt has put this co at real risk by putting most of its cash behind this drill. A drill that the mkt is telling u had VERY little chance of success. If it did, we would be having some sort of volatility in the SP.
It really isn't going to be easy for PCL to raise more cash, especially through a conventional capital raising. Mgt would have to put on one hell of a sales pitch to attract new investors. No matter how bullish investors are on Kenya or Namibia. If this company can't raise cash, it doesn't matter what we think.
ur all ignoring the fact...., page-11
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $113.8M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.4¢ | $45.92K | 3.099M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 9564233 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 555171 | 2 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| PCL (ASX) Chart |