I can't believe we are still traiding below the open offer price!
Cantor couldn't even get shares in issue or market cap right!
I presume that is someone buying them in trust for the O'Reilly's
Low take-up on offer is a good thing as mitigates dilutuon a little. Not sure why anyone would take it up when you can buy in open market for cheaper price.
It looks like they are putting as much information in the public demain as possible to avoid being accused of Insider Trading with the share issue.
Isn't a partnership with Schlumberger what everyone wanted to see? I still think the majors should be let prove the area, not a minnow like PVR.
I will likley exit at that price and lick my wounds for a while
I rejected my offer and purchased alloted volume + 50% in open market. Obviously if you buy via the offer you are increasing the share capital of the company, but I don't think it is worth the extra 1p. I note TOR said he is taking up his full allocation - I wouldn't read too much into this as I am sure it is a requirement/promise of the fund raise. That said I am now bullish this stock will hit 25p in near term. If I am right,
US$240m raised and only circa US$40m left in the bank after this fundraise. We must be carrying a tax credit.of over US$150m which must have a significant value to Shell once they use up all their tax credits.