CRB 0.00% 0.3¢ carbine resources limited

Ann: CARBINE JULY OPTION EXERCISE FULLY UNDERWRIT, page-3

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  1. 1,747 Posts.
    lightbulb Created with Sketch. 81
    re: Ann: CARBINE JULY OPTION EXERCISE FULLY U... Not too much effect, maybe down a cent?? Interesting that it needed a trading halt to announce, possibly they had an agreement with Pattersons ready to go but one requirement was the share price be above the exercise price and they will underwrite it, a trading halt ensured that in case of a few down days.

    Good the company has added to cash in the bank however it will be interesting to see what Pattersons do with the shares they get from this, they will either dump on market or pump the shares with a research report wit a high target price and then dump the shares in my opinion.
 
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