Ann: Yogi Mine Project and Company Update, page-3

I'd be surprised if its more than $3.45mil. See extract below from a previous post of mine re the recent $1m Cap Raising.

We are still a few months away from the 1st May expiry of the ASIC imposed 12 month 'full prospectus' requirement, so this would limit the amount able to be 'raised' without a prospectus.

What it will do, assuming pdy relists, is to potentially encourage further buying by the 'new investors' (at least) as the last trade price of $0.007c is still under the $0.01c issue price, at least for the recent raising.

Whilst the delays are frustrating, one can piece together an overall strategy to relisting here...... How it will all be received by current holders and the market will be interesting to see.

GLTAH.

Cheers,
Mac



Please DYOR..........particularly with this one.


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.