RAI 0.00% 2.3¢ raisama energy limited

Ann: Extension of Share Purchase Plan Closing Dat, page-26

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  1. asf
    9,888 Posts.
    re: Ann: Extension of Share Purchase Plan Clo... They really are cutting it fine indeed. SPP cash due on Friday, public holiday tomorrow, so the ANN can only be this arvo or Thursday or Friday.

    This does sound encouraging, from the ANN:

    "Raisama expects to make an announcement on the status of its Cadlao Project funding in the near future. The extension is intended to provide shareholders sufficient additional time
    in which to submit their applications."

    Not "in which to consider applying for additional shares", but "in which to submit their applications". Maybe I'm reading too much into it.

    This could be one of the most exciting shares on the ASX, but the delay in decisio9n-making seems to be freaking the market out.

    Your thoughts, holders?
 
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