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Panther Metals – Conditional Placing at just 5.5p, I apologise but persist with my enthusiasm

By Nigel Somerville | Tuesday 2 August 2022

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Standard-listed Panther Metals (PALM) announced a conditional placing this morning, to raise £1.14 million at just 5.5p per share, with one warrant attached for each new share at 8.5p. Given that the shares have been up as high as 14p in the past year, the issue price is a big disappointment ro shareholders like myself – even if the discount to the prevailing price is only 12%. I must apologise for some of my prior enthusism on these pages, but...

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