PGO 5.62% 8.4¢ pacgold limited

Ann: Hanking Australia - Change in substantial holding, page-15

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 84 Posts.
    lightbulb Created with Sketch. 7
    It is not compulsory unless they reach 90%, which I believe is not likely and is not really their intentions. They will need to increase the offer to achieve this %.

    The benefit of staying in is you are a beneficiary of the major shareholders actions in moving forward. You ride on their back to production or on selling at a higher price.

    The fair price for this stock was 8-10 cents remembering we have traded at 17 cents in the recent past. There has also been analysts suggesting this stock could be valued between 38 - 42c so Hanking Progressing this resource will benefit minor shareholders as much as themselves.

    I believe there is a lot more money to be made in this stock now that Hanking have control and funding is now guaranteed from their pocket.

    I believe if they want more the share price will start to increase.

    My thoughts of course based on my investment experience.
 
watchlist Created with Sketch. Add PGO (ASX) to my watchlist
(20min delay)
Last
8.4¢
Change
-0.005(5.62%)
Mkt cap ! $10.09M
Open High Low Value Volume
8.7¢ 8.8¢ 8.4¢ $41.07K 481.6K

Buyers (Bids)

No. Vol. Price($)
1 5056 8.4¢
 

Sellers (Offers)

Price($) Vol. No.
8.7¢ 131766 1
View Market Depth
Last trade - 15.52pm 07/11/2024 (20 minute delay) ?
PGO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.