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0.7¢ padbury mining limited

So they struggled to get anyone to take up the hundred million...

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vogliobene

4,624 Posts.

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30/01/15

07:00

Post #: 14663958
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Originally posted by macssharesforfun ↑

Well, it should make relisting from suspension interesting......

At least the o/s trips seem to have borne some fruit. Something appears to be occurring here.

Just to clarify a few points -
* The have issued the 100mil shares to the investors under the 15% limit for placement capacity.
* This avoids the 'full prospectus' requirements.
* The issue price is $0.01c.
* PDY last traded at $0.007c.
* They still have just under 345mil to play with under the 15% limit for placement capacity.
* Utilising the same offer, PDY could conceivably raise another $3.45mil from other investors...... "Padbury advised that the Company is finalising a further proposed capital raising with a number of other investors."

Yes there will be a bucket load of shares on issue, but a consolidation is relatively easy to arrange...... Heaps of time for that.

Good luck to all holders.

Cheers,
Mac

Please dyor

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So they struggled to get anyone to take up the hundred million shares and now they are struggling to place the just under 345 million they have left to play with and play being a very good description here

PDY Price at posting: 0.7¢ Sentiment: Sell Disclosure: Not Held
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