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Oilman1
Posts : 4
Join date : 2010-06-16
| | Subject: Placement Wed Jun 16, 2010 8:42 am | |
| MM's are moving the price down for OPL so that they can take up a share issue for the $10m at a discount to VWAP | |
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DiamondDon
Posts : 28
Join date : 2010-06-16
Location : The Oil Capital of Europe
| | Subject: Re. placement Wed Jun 16, 2010 8:49 am | |
| Placement for the A$10m issue is based on average SP over the preceding 5 days, and the options expire this week. | |
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ADMIN
Admin
Posts : 75
Join date : 2010-06-15
Age : 39
| | Subject: Re: Placement Wed Jun 16, 2010 8:53 am | |
| What is the lowest price the funds can be raised at then? 4.5p? | |
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Oilman1
Posts : 4
Join date : 2010-06-16
| | Subject: Re: Placement Wed Jun 16, 2010 8:59 am | |
| - Oilman1 wrote:
- MM's are moving the price down for OPL so that they can take up a share issue for the $10m at a discount to VWAP
price is being held down all week | |
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DiamondDon
Posts : 28
Join date : 2010-06-16
Location : The Oil Capital of Europe
| | Subject: Re: Placement Wed Jun 16, 2010 9:12 am | |
| - Admin wrote:
- What is the lowest price the funds can be raised at then? 4.5p?
Given we started the week at 5.25+ offers, it would have to drop to 3.75 by CoP Friday to average 4.5p. | |
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notarealdr
Posts : 20
Join date : 2010-06-16
| | Subject: Re: Placement Wed Jun 16, 2010 9:14 am | |
| Placement will probably be a 20% discount to VWAP. | |
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Ricky Peters
Posts : 7
Join date : 2010-06-16
Age : 59
Location : HERTFORDSHIRE
| | Subject: Re: Placement Wed Jun 16, 2010 3:55 pm | |
| with the MM,s holding the sp down this week for the placement at what seems to be around 4.5p, next week we could see the rerating.
This is the reason why there has not been an RNS issued by PL and the board .
maybe a suspension for ASX sunday night which is the 20th and then the rains are released imo | |
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notarealdr
Posts : 20
Join date : 2010-06-16
| | Subject: Re: Placement Thu Jun 24, 2010 6:00 am | |
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Last edited by notarealdr on Sun Jun 27, 2010 6:41 am; edited 1 time in total | |
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ADMIN
Admin
Posts : 75
Join date : 2010-06-15
Age : 39
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notarealdr
Posts : 20
Join date : 2010-06-16
| | Subject: Re: Placement Thu Jun 24, 2010 8:44 am | |
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Last edited by notarealdr on Sun Jun 27, 2010 6:42 am; edited 1 time in total | |
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notarealdr
Posts : 20
Join date : 2010-06-16
| | Subject: Re: Placement Thu Jun 24, 2010 12:13 pm | |
| Oh, alright that was "Just a gigolo".
modern version by David lee Roth
Last edited by notarealdr on Thu Jun 24, 2010 1:04 pm; edited 1 time in total | |
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ADMIN
Admin
Posts : 75
Join date : 2010-06-15
Age : 39
| | Subject: Re: Placement Thu Jun 24, 2010 12:19 pm | |
| Must admit that ones not on my ipod  | |
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notarealdr
Posts : 20
Join date : 2010-06-16
| | Subject: Re: Placement Fri Jun 25, 2010 7:36 am | |
| Hi trendsetters. Range was up a bit in oz today finishing the day at 8.3c having traded a bee's dick over 4m shares mostly at 8.3/8.4c. Options up a bit also at 3.4c. It is looking a bit stronger but still hasn't broken out. Fingers crossed for next week.  | |
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ADMIN
Admin
Posts : 75
Join date : 2010-06-15
Age : 39
| | Subject: Re: Placement Fri Jun 25, 2010 7:41 am | |
| might need news for this to break out.
RRS suspension sunday, we spike monday news monday night on asx????????? | |
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notarealdr
Posts : 20
Join date : 2010-06-16
| | Subject: Re: Placement Fri Jun 25, 2010 7:49 am | |
| I would love to say that's a plan, but I honestly don't know. | |
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notarealdr
Posts : 20
Join date : 2010-06-16
| | Subject: Re: Placement Fri Jun 25, 2010 11:18 am | |
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