PCGE cash8 Feb 2018 16:12
At end of September 2017 PCGE ahead $2m cash. That's £1.5m plus the recent placing (£685k) is £2,185,000.
Minus the pay off to former CEO of £286k it would leave £1.9m.
Obviously minus operating expenses etc since then but I reckon PCGE will still have around £1.5m in cash as of today.
Why did they need to raise cash now or did RP know what's coming and didn't want to miss out with one last top up at bargain prices ?
I reckon we will now get news and I hope it's been worth the wait !
Nai/DYOR