The key to successful raising will be the institutional take up. If good, the the retail take up will be positive, subject to gold price staying at least at these levels.
My feeling is that they have a good idea of insto interest, hence hoping that the market rewards the pxg register being widened. Am long term holder of pxg and subject to the market holding up giving the rights a discount, I intend to take up entitlement possibly more - again subject to the level of insto interest
PXG Price at posting:
14.0¢ Sentiment: LT Buy Disclosure: Held