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JBM
Correct me if i'm wrong but isn't today the last day for the rights issue?
Up 1c to 8.5c at close, i expected alot better.
The options do look good though & i may sell down some heads (after receiving the extra shares) & buy some options.
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-From what I just read I understand that it's all reg holders by 5.00pm 14th of june
got from-section 1:1--- PEN entitlement prospectus
-Hope I'm right like to be holding 200,000ords by then
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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Ok that would explain the inactivity today then!
Must be due some news re there gold permits soon too.
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quote: Originally posted by JBmurc
-From what I just read I understand that it's all reg holders by 5.00pm 14th of june
got from-section 1:1--- PEN entitlement prospectus
-Hope I'm right like to be holding 200,000ords by then
JBM
PEN is showing on the ASX as being ex entitlement, did you buy any today?
If it's correct then any trading between now & the 14th June, will not be entitled to the rights issue/free options.[:0]
I'm confused, though haven't bought or sold any for a while, so it doesn't matter to me.
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Na didn't buy anymore funds should be cleared today[V]very confusing rang PEN yesterday still waiting for a replay looks like I'm wrong with them going Ex-
Be in perth sat 4 a week might go round have a talk
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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-Just off the phone with Mr Jonathan Whyte (Company Secretary)sounds like I was wrong [V]yesterday was the last day
sounds like good guy asked him if a 5:1 share consolidation could be looked at said he'll raise it at the next meeting.
Sounds like its going be full steam ahead over the next 12months will be dropping in to ask some more questions next week
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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Junior Member
quote: Originally posted by JBmurc
[Sounds like its going be full steam ahead over the next 12months will be dropping in to ask some more questions next week
Good lad, keep us informed please.
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JBM
You might get your chance to top up tomorrow, could be some weakness in the share price as traders sell off some shares, now they have the 6c shares (+ options) secured.
Won't be buying/selling any myself.
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Promising Gold Assay results at Raki Raki (Fiji), PEN holds 50% of this JV - ann out today.
Late July 07 will see more mapping & prospective drill testing, as the stream sediment samples have shown some very high gold values.
Values of up to 400ppb AU were recorded, so there is alot of upside potential in this project.
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PEN starting to show some signs of life again, opens at 8.5c hits 9c & then drops to 8.4c, the normal pattern for PEN, damn the traders, what it closes on will be interesting.
Hopefully the sell off has now finished...[V]
JBM - Any further updates you care to share with us?
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