RAI 0.00% 2.3¢ raisama energy limited

Ann: Extension of Share Purchase Plan Closing Dat, page-32

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  1. 1,190 Posts.
    re: Ann: Extension of Share Purchase Plan Clo... The deadline for the SPP is tomorrow. So maybe there will be an extension announcement tomorrow at 3.58 pm; like they did last time on 13 May.

    Then again, the financiers may be wanting more equity input by Raisama. So, there could be a further CR.

    In the absence of positive news on financing or the FID, I feel by Tues / Wed / Thur next week the SP will be around 5.5 cents. Even then, it may not be good buying, particularly with a final deadline of 23 June.

    RAI has become a gamble, rather than reasoned investment.
 
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