Normal
Well my finance is none too sophisticated either, but $1.50 actually seems like a pretty good outcome - yes, the price this morning has softened a little, but we're still light years ahead of where we were then the price was 50-60c ps. Once we flush the 'undecideds' out of the registry this week, and business as usual resumes, should be a pretty tightly held stock one thinks - unless POG goes off a cliff.Not 100% sure what their cash balance will be after this, $A100M or so?.. but you would have to think the chances of another dilutionary raising would be slim, hopefully the banks will come to the party. It gives PRU a hell of a war chest for listing on the TSX.I think kennas reminded us by comparing the MC's of Centamin, Redback, etc to that of PRU's, still definitely multi-bagger potential, PRU might even have a similar Resource base to Redback but a couple of years behind in development. Hard to argue against this kind of logic.
Well my finance is none too sophisticated either, but $1.50 actually seems like a pretty good outcome - yes, the price this morning has softened a little, but we're still light years ahead of where we were then the price was 50-60c ps. Once we flush the 'undecideds' out of the registry this week, and business as usual resumes, should be a pretty tightly held stock one thinks - unless POG goes off a cliff.
Not 100% sure what their cash balance will be after this, $A100M or so?.. but you would have to think the chances of another dilutionary raising would be slim, hopefully the banks will come to the party. It gives PRU a hell of a war chest for listing on the TSX.
I think kennas reminded us by comparing the MC's of Centamin, Redback, etc to that of PRU's, still definitely multi-bagger potential, PRU might even have a similar Resource base to Redback but a couple of years behind in development. Hard to argue against this kind of logic.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.