PIO - Pioneer Resources

Trading Halt on PIO until the 27th June.

Where do you think its going?

Seems to be Capital Raising. Apparently the new Shares will be offered at 3.5c. Maybe see a dip in Share price before it goes up again? then again maybe not...
 
hussman said:
Trading Halt on PIO until the 27th June.
Where do you think its going?
Seems to be Capital Raising. Apparently the new Shares will be offered at 3.5c. Maybe see a dip in Share price before it goes up again? then again maybe not...
Click to expand...

My two big plays BGS and now PIO are in trading halt. It's all or nothing for me it seems...
 
SilverDJ said:
hussman said:
Trading Halt on PIO until the 27th June.
Where do you think its going?
Seems to be Capital Raising. Apparently the new Shares will be offered at 3.5c. Maybe see a dip in Share price before it goes up again? then again maybe not...
Click to expand...

My two big plays BGS and now PIO are in trading halt. It's all or nothing for me it seems...
Click to expand...

Me 2

I have only BGS and PIO

Would the 3.5c offering on the capital raising be offered to exisitng shareholders??
 
trew said:
Frigging placements and capital raisings every few months!
Yet another company that mines it's shareholders but never digs anything out of the ground
Click to expand...

Yep yet another capital raising

yet more share dilution
 
Boyscout said:
Would the 3.5c offering on the capital raising be offered to exisitng shareholders??
Click to expand...

Sounds like an invite only, not for us pleb shareholders. To do that you need a proper prospectus etc.
 
The last Cap Raise... after... price went up 3x. I don't mind those odds...

I also don't mind if they raise and pump 90% of it straight into the ground. They have a lot of programs planned which are being implemented to firm up a strong business. They aren't a 1 project business... they have a very healthy portfolio of projects which will reward shareholders will a bit of vision and strong hands.

GL
 
hussman said:
PIO Opened at 0.37 sitting at 0.39....
Click to expand...
The only happy point for me was that i managed to buy me some more at 3.8c which brought my avg down from 4.7 to 4.3
Hopefully now we can see an upward climb as i am out of cash to buy anymore
 
Boyscout said:
hussman said:
PIO Opened at 0.37 sitting at 0.39....
Click to expand...
The only happy point for me was that i managed to buy me some more at 3.8c which brought my avg down from 4.7 to 4.3
Hopefully now we can see an upward climb as i am out of cash to buy anymore
Click to expand...


Touch wood good things to come.

I've averaged down a fair bit from 6's (sucked in) but losing massively.

In all honesty, if we did the math right now, even an gigantic find in Canada, in reality could only push this company a few pips once everything sorts itself out.

At present PIO looks marginally tempting at 0.02c.
 
Its looking a bit Beary with K crossing T & price range floating below the cloud. Nice long support line at .022 then .020 Anyone hanging there might just pickup some cheap seats. ;) ..... "I don't hold"

374_pio.jpg
 
I'm not buying any more with the spp - I can buy on market for the same price today, so sitting tight.
 
Lunardragon said:
heading to low 3c due to this SPP?

any thought, guys?
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Nothing wrong with trying to pickup a few at 3c & if that fails at 2.5c
All assuming you've done your own research of course. :) I'm still beary on the SP at this stage.
 
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