CKA
Capped at $66M
Has $100M financing deal on the table, first tranche of $3.5M received already - balance conditional upon Forestry Approval
Platinum Hedge Fund (who are financing the $100M), have bought 14% or $14M+ worth of scrip on market
Board is currently in Indonesia - hopefully getting the final Forestry Approval. Guy on the thread who is local reckons it is due any day, no further hold ups
Have a look at today's substantial holder notices - shows Platinum may have caught on to their custodian shorting and requested the stock back
Outstanding figure is 7M yet to be returned. Stacks up with that 3-5M+ short figure being bandied around
So potentially Forestry Approval next week given board in Indonesia, Financing deal and this shorter possibly having to cover ?
See if they can squeeze tomorrow
- Forums
- ASX - Short Term Trading
- short term trading week starting - 12th may
short term trading week starting - 12th may, page-60
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online