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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: elmatador	9/18/2010 6:16:18 AM
	of 206151

PBR had planned to offer 2.17bn voting shares and 1.57bn non-voting shares, with the possibility of issuing an additional 10 per cent of each, plus a potential “supplementary” lot of another 5 per cent. Having doubled the additional lot to 20 per cent, the total number of offered shares potentially rises to 4.7bn. ... demand was greater than expected. “It seems that bookbuilding is going extraordinarily well,” he said. “There is excess liquidity in the market and this means people will buy anything, and the company is big and solid enough to tackle this demand.”

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