snakepitt
the funding side of things is one of the variables that hopefully will become less " variable" as more info is released, as to the cap raising whether it's later this year /early next year it's a guesstimate related to any financing arrangement for mine build
my hope is that they get 100% debt finance for mine build and so the cap raising will be for general working capital and perhaps a certain level req under a loan agreement and thus just a relatively small raising
your figure of $7-$10 mill could well be around the mark
one thing I have learnt over the years is that no matter how well planned things are sometimes there are complications and that's where a good amount of cash buffer is advisable/required, companies can either raise the cash before hand in a more controlled environment or in a panic when things haven't gone to plan and there is much more dilution and possibly can't raise the cash at all!
case in point , I currently have shares in a company that are constructing a mine and came across unexpected ground conditions which slowed things down, they did a cap raising( not in a panic as they had a reasonable level of cash ) but to ensure they didn't breach their loan agreement and as insurance just in case of further issues
no company that I know of has gone bust because they had too much cash!
anyway just my thoughts/opinions/ideas , I could be proven wrong, it certainly wouldn't be the first time!
cag
- Forums
- ASX - By Stock
- CRB
- Volume
Volume, page-74
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CRB (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.207M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1750000 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 1103646 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1750000 | 0.004 |
5 | 16605001 | 0.003 |
2 | 950249 | 0.002 |
1 | 800000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 1103646 | 4 |
0.006 | 606046 | 1 |
0.010 | 250000 | 1 |
0.011 | 9000 | 1 |
0.012 | 957 | 1 |
Last trade - 16.12pm 09/08/2024 (20 minute delay) ? |
Featured News
CRB (ASX) Chart |
Day chart unavailable