Well i am not surprised that the offer was only 25% taken up by holders. A $9M shortfall from the $12M sought for the Phoenix drill must be disappointing for management. Message there perhaps from holders?
Where to now though? Surely directors have a contingency for this position.
Will the upcoming current WBEXT drill results be successful and present someone a free carry? Will we see the placement shortfall now be underwritten, & at a lower price, resulting in a bitter taste for holders?
It's hard to be positive, but i'm trying!
entitlement shortfall
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.5¢ | $205.8K | 1.212M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 234409 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 344846 | 4 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| CVN (ASX) Chart |