CAY 0.00% 6.6¢ canyon resources limited

Ann: $12.1m strategic placement for Minim Martap Development, page-7

  1. 307 Posts.
    lightbulb Created with Sketch. 113
    They out-negotiated cay on this deal. They agreed to pay a premium on vwap, whilst getting a 1:1 option deal.... AT 7C.
    this has to be close, including options, to a 30% dilution of existing shareholders.

    Yeh we got $12m.. Which will get burned through in 12months at current spend, but we continue to get ravaged in the negotiations EACH AND EVERY cap raise.

    In 5 years, as an off the top calculation, I've been diluted 80+%.

    What a company.
 
watchlist Created with Sketch. Add CAY (ASX) to my watchlist
(20min delay)
Last
6.6¢
Change
0.000(0.00%)
Mkt cap ! $90.71M
Open High Low Value Volume
6.7¢ 6.7¢ 6.4¢ $169.6K 2.580M

Buyers (Bids)

No. Vol. Price($)
1 101515 6.6¢
 

Sellers (Offers)

Price($) Vol. No.
6.8¢ 62966 1
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
CAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.