PGLN - Going to boom

[#1]

This share is going to boom. Anybody with me on this?

[#2]

Its a nil-paid letter!! It will drag to 1c..

[#3]

Just remember that it is linked to psg

[SimonPB]

PGLN is a nil paid letter .. it will expire in a few days and if you haven't taken up your rights - you get zip .. nada .. nothing ..

[#5]

when is it expiring

[SimonPB]

not sure, phone the call center quick an ask them .. 0860 121 161 .. all this gives you is the right to buy PGL at a certain price, not sure of the price or expirey date ..

[#7]

seems the boom is a bust.....

[#8]

Not if you are aquiring the pgl at 350.

[#9]

LDT 18th Sept...Need to issue instructions by 10:00am 21st Sept to take up offer... need money in account to cover offer...R3.50 per share per NPL...no costs, which is the bonus... just remember they they are about to start generating income from low cost open pit platinum mine through their controlling shareholding in Platmin also one to watch..OMO

[#10]

come guys, a lesson in how to lose money in 1 easy step. Invest in something you don't understand. You might be buying PGL at 350, but you have to buy the NPL for that privilege. Then you have to face the post rights issue share dilution. Nil paids are not good, they are a last resort option for companies to raise capital when all other options have been exhausted. The nil paid itself is supposed to offer compensation to existing shareholders in lieu of the fact that their investment is being diluted (they will have got them for free). So now you have to ask why everyone is selling them.