http://www.investegate.co.uk/article.aspx?id=201007231706558715P&fe=1
Seems the aim is to issue 14.87m shares in a new placing, at 37.57p/sh...Tribeca O&G subscribing for $5m.
(Amended for typo to $5m.Thks TGG)
Tribeca are taking $5 mill worth, shocking the way it seems to have leaked though. Understandable in a normal placing, but when there are only 2 placee companies, both connected to directors of the company!!!!
Yes you're right TGG.Typo on my part.$5m
It certainly leaked that's for sure. It's nearly as bad as GKP on the "news leakage" front frankly.
I see GKP closed up 21.4% on the day.
Presumably we will be getting a GKP RNS tomorrow on some major policy/acquisition/placing!
Lets see what the new untested Colon sand channel brings shall we.
Best case Colon is 6 times bigger than first thought and currently reflected in P2/P3
i.e. This could be very very material to PELE
