PNN 1.03% 9.8¢ power minerals limited

PNN Chart, page-38

  1. 2,162 Posts.
    lightbulb Created with Sketch. 178
    It looks terminal to me.
    Problem with Bergen is they convert part of the note into shares at lower then the market and dump.
    This then just makes for a falling share price, the lower the price, the more shares Bergen convert and sell as part of the initial head value convertable note. So in short, Bergen could convert at .001 and sell at .002 and still be way ahead.
    PNN are at the mercy of Bergen, as PNN has basically run out of cash, and now Bergen hold all the strings.
    This is not entirely PNN fault, as credit for juniors has all but dried up.
    So sadly i expect this to continually fall now as all companies do wit Bergen on board.
    drifta
 
watchlist Created with Sketch. Add PNN (ASX) to my watchlist
(20min delay)
Last
9.8¢
Change
0.001(1.03%)
Mkt cap ! $10.45M
Open High Low Value Volume
10.0¢ 10.0¢ 9.8¢ $7.429K 75.3K

Buyers (Bids)

No. Vol. Price($)
2 815322 9.8¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 68081 4
View Market Depth
Last trade - 15.00pm 15/11/2024 (20 minute delay) ?
PNN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.