Equity scare dismissed

SOUTH Australian firm Santos has dismissed speculation it will not be able to avoid raising more equity after its Australian Securities Exchange stock sank to its lowest close in 11 years on Friday.

Equity scare dismissed Equity scare dismissed Equity scare dismissed Equity scare dismissed Equity scare dismissed

The company confirmed it "has no current intention to undertake an equity raising" after its stock bottomed at $5.93 on Friday before closing at $5.99, a world away from the 52-week high of $15.

loader
  • NEW: Digital version of PNG Report magazine - View here
  • Porgera: Barrick-PNG talks go on - Read more
  • Follow the companies investing in the PNG market - Read more