Will be interesting to see where this one goes when it relists. I notice there are approximately 29 million shares on issue and seem to be very tightly held after recent rights issue.
The announcement states that all short fall stock was placed and that the company is looking to new opportunities ( in other words we are looking to back something into PNE ).
With a market cap of just $1.5 million it may be just worth a look at.
Will be watching this one with a bit of interest when it eventually relists.
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