PEL 0.00% 1.7¢ pelican resources limited

All valid concerns. The early activity of yesterday was me...

  1. 12,600 Posts.
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    All valid concerns. The early activity of yesterday was me topping up with a few more shares as I was expecting an "?mminent" announcement given that we were told it would be three months or so until arangements were finalised and it has been three months...

    So, eager beaver Chuck gets in early only to see the details of a capital raising after (to borrow the third person from Watso) he has bought more damn shares....

    What strikes me as odd is that if an announcement was indeed imminent surely the capital raising would have been announced AFTER the good news had raised the share price and made the raising possible at a higher price...Hence it seems that all we can assume is that there is no announcement to come any time soon....

    Back to sleep......

 
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