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It seems like it is number 1. A discount of only 6.67% raising...

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171 Posts.

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19/12/16

10:25

Post #: 21428792
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Originally posted by Juno ↑

At the rate they have poking holes in the ground at Bots and no sign of sale of Sam's Creek they were bound to run out of cash sooner rather than later. I picked this recently.

What is disappointing is that this CR comes before any announcement about results for the new anomaly down strike from T3 - what is the take away from that?

1) Results are good but they haven't told the PI yet, and now go to the II to get cash (bad result for PI).

2) Results are bad and they are raising cash before the price goes down, to hope more drilling turns up some good results (bad result for all).

I can't see how this is at all good for PI when the above contexts are considered.

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It seems like it is number 1. A discount of only 6.67% raising $5.46m is a very good result IMO!

MOD Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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