I would be surprised if the raising was less than 45 cents/share. I am hoping for at least 50 cents.
I think the capital raising will be bullish for CDT and it will go higher, perhaps sprint to 60 cents. That is why I bought more yesterday, because the presentation was so good that I thought CDT would be rushed with offers to invest.
Last week CDT fell back to around 36 cents only because it does not have a lot of cash on hand and there would be fear that in another GFC it would find it hard to raise cash for exploration at a reasonable price. Now that it is beefing up its cash reserves investors will have a lot more confidence to hold CDT in the face of a possible GFC.
Time will give us the answers. I do not mind if it drops again as I want more CDT shares.
loki
CDT Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
