JGH 5.26% 4.0¢ jade gas holdings limited

Ann: Quest to acquire Austrian Cobalt and Gold Projects, page-6

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  1. 13,097 Posts.
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    Looks fantastic!

    ASX being painful of course and that'd be the reason for the $4.5m raise (new listing rules require you to raise a min of $4m when you recomply).

    So the ASX have probably skewered any massive pop on open, as the proforma mc is going to be $13.5m @ 3c ($9m ev) as opposed to $2m. That said, it looks like a quality acquisition, with some decent board additions, so 4-5c wouldn't surprise at all. The raise is likely to be heavily competed for, so many will need to buy OM if they want in.
 
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