Past year: ▲ 72%(5.40c – 9.30c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
23 Feb 2009capital raising announcement● NeutralMajor
A$10m placement of 8.33m shares at A$1.20, versus A$1.30 prior close, to fund Castello and Sillaro and Bezzecca drilling while keeping debt low. Masterman may add up to A$1m, subject to shareholder approval. Bezzecca 1 spud now said to be March.
31 July 2007capital raising announcement● Neutral
Harbinger took a further 450,000 shares at A$1.65, raising A$742,500, lifting it to 16.2m shares (17.9%). Recent raisings total about A$8m. Shares on issue reach 90.3m.
What it means for a shareholder
450,000 new shares at A$1.65 to raise about A$742,500. That's 0.523% dilution: every existing holder's slice gets 0.523% smaller. If you held A$1,000 of shares (606 at the issue price), your slice goes from 0.000708% to 0.000705% of the company. To keep it you'd need 3 more shares - about A$5 at the issue price.
Create a free account to see this worked out for your own holding.
22 June 2007capital raising announcement● Neutral
Formal notice and Appendix 3B confirming issue of 4,325,000 shares at A$1.65, raising A$7,136,250, as announced on 19 June. Administrative; no new information.
What it means for a shareholder
4.3m new shares at A$1.65 to raise about A$7.1m. That's 4.8% dilution: every existing holder's slice gets 4.8% smaller. If you held A$1,000 of shares (606 at the issue price), your slice goes from 0.000708% to 0.000674% of the company. To keep it you'd need 31 more shares - about A$51 at the issue price.
Create a free account to see this worked out for your own holding.
20 June 2007capital raising announcement● NeutralMajor
Po Valley placed 4,325,000 shares at A$1.65 to raise A$7.136m, mainly to John Hancock (3.5m shares), Cranport and Hunter Hall. Funds go to first production, exploration and gas storage. Shares on issue rise to 89.88m. The price is below the A$1.95 placement of 2006.
What it means for a shareholder
4.3m new shares at A$1.65 to raise about A$7.1m. That's 4.8% dilution: every existing holder's slice gets 4.8% smaller. If you held A$1,000 of shares (606 at the issue price), your slice goes from 0.000708% to 0.000674% of the company. To keep it you'd need 31 more shares - about A$51 at the issue price.
Create a free account to see this worked out for your own holding.
31 Oct 2006capital raising announcement● Neutral
Re-release of the 30 October announcement: A$5.85m placement of three million shares at A$1.95 to Harbinger and Hunter Hall, plus exclusive rights on five new licences. No new information.
30 Oct 2006capital raising announcement▲ GoodMajor
Po Valley raised A$5.85m by placing three million shares at A$1.95 with Harbinger (17.2% holder) and Hunter Hall (14.1%). Shares on issue reach 85.5m. It also won exclusive rights to proceed with five new licences covering 1,610 sq km. This follows the falling cash balance.
