PRE 0.00% 6.0¢ pacrim energy limited

raisings etc

  1. 3,802 Posts.
    I've been thinking about what some have said regarding a raising. There are a few things to consider - will there be announcements before the raising is put together that will push PRE higher? -Selling now and trying to buy back in at .8/.9c eg could see many miss out and have to pay a lot higher than what they sold at, or atleast the same which means more brokerage. Selling at the wrong time or buying back in higher resulting in possibly a lot less shares than one desired could be pretty costly. There a many factors that could affect ones entitlements if a raising/consolidation is announced later in the year. None of this is a ramp or intended to pursuade one to hold, but its just a few ideas of my own only. All of us want to hold more at a lower price but it could be quite risky to IMHO. I'd hate for anyone to sell and bid lower then days later something boosts the price. Its a tricky situation atm as know one can put a price on any raising as a lot can happen in a couple months. It could be at .9c or 1.5c. I'm happy sitting tight and wont risk what i have for a couple of points. Happy to wait for a possible raising and put more money in. Goodluck to those who can manage to sell and buy more/same lower. I'm expecting news on new drilling($300,000 approx for the Mar qtr) and upgrades before a raising by the way.
    All just my opinions so dont take it as advice on what anyone should do.
    Cheers
 
watchlist Created with Sketch. Add PRE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.