Centram's warrants expired last week, and their shares were up 30% in Canada on Friday before closing up 12%. I believe that makes their cap equiv c.A$32m. The warrants should raise about C$9m if fully exercised. Subtracting that from it's cap gives a cap a bit more than Crossland at the moment.
Given that Centram's business is entirely JV'd with Crossland, that $9m cash will be used to Crossland's benefit as well. I don't think the market understands this yet.
watch the jv partner
Add ENV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.879M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $5.519K | 689.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 9881703 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 978560 | 1 |
View Market Depth
| Last trade - 14.41pm 08/11/2024 (20 minute delay) ? |
| ENV (ASX) Chart |