If you read the news it says that the offer was opened and closed on the same day and twice oversubscribed. That means that the sponsoring brokers (Macquarrie & Tolhurst) found 66m shares worth of buyers in 12hrs at $0.68c (only 7% discount). Seems like the big boys see some value in CQT....will we see buying through the lines in the next week taking the value further north to where we know it should be? If they have people who missed out or did not get their fill, will they acquire on market?......I think we may see some action.
CQT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
