rights issue at 5p announced
at least ordinary shareholders will be able to take up their allotment unlike so often where only the chosen few get to benefit
RIGHTS ISSUE The Company has announced that it is advancing the documentation required to seek approval for the Refinancing from Bondholders, from its Senior Banks and from its Shareholders, and anticipates that the requisite meetings will be held in January 2015, and completion due to take place prior to the maturity of the Existing Bonds. The Company has appointed Bank of America Merrill Lynch and Sberbank CIB as Project Coordinators in connection with the Refinancing. Terms: The Company is proposing to implement a fully underwritten Rights Issue of Ordinary Shares on a pre-emptive basis (save for regulatory issues) to raise gross proceeds of USD235 Million (including the Nominal Value of Existing Bonds exchanged for equity as part of the Refinancing). It has been agreed that the Rights Issue Subscription Price will be fixed at GBP0.05 per Ordinary Share.
don't be ridiculous .... this thread was started in 2004!!!!
for a long time POG as a company and share performed very well indeed, though certainly what happens next is very much in the lap of the gods and that megalomaniac putin
it probably was earlier this year
i've bought, sold, gained and lost money with this one on a regular basis
at 22p i reckoned it was a good gamble again and still hold those ...... it's looking very sick at the moment but strange things happen
you could cast similar aspersions about TLW and AFR, but again rather without foundation ..... wrongly i think, you could hold these two up as crackers on the basis of this week's performance
I'm going to keep an eye on this......I reckon that it might drop further but then there might be a spectacular recovery here.....will be monitoring this....depends also on sanctions.....