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$1.08 cardinal resources limited

NPV ~$2b at current gold price market cap $180m AUD, page-186

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florida7

814 Posts.

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05/06/20

11:59

Post #: 45057238
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Originally posted by Protagonist: ↑

If there's a JV/TO the short term gold price doesn't matter much, but to the extent a falling POG starts causing our SP to sag, and we go down the CR path, it'll increase dilution and cap our gains.

e.g. Gold price drops a lot over the next week or two. Our SP falls to 38c. Archie announces a CR at 15% discount to VWAP (i.e. 32.5c). Brokers spend the next several months (or longer, depending on size of the raise) feeding the sell queue at this price.

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you still keeping that powder dry?

CDV Price at posting: 42.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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