RE: PANR16 Sep 2024 23:24
Mmmm, a drop to 15p, looks like they have paid off £2.45m of debt(bonds) by issuing 14,244,459 new shares, which I calculated at 18.7p... So how come it did'nt rise to 18.7p which the bond guys were happy to accept ?
The dirt around placing price
https://invst.ly/16hyj5
Clearly the price fell on that late 14:41 RNS, but look at that big volume candle 16:35, that looks a big buy on price..
16-Sep-24 16:42:04 15.65 844,459 Buy* 15.30 15.46 132.16k
https://invst.ly/16hyke
AIM, normally if the smart money is happy with a price thats where the price goes....,..
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After settlement of the Quarterly Repayment, the principal remaining under the Convertible Bond will be reduced by US$2.45 million to US$17.15 million.
Total Voting Rights
Immediately following Admission, the Company's enlarged issued share capital admitted to trading on AIM will consist of 1,129,998,939 ordinary shares