Agree Abit.
Its strongly held. Cannot deny I am still grumpy at this raising, basically a 24% discount to the last raising price. I am not at all surprised it was oversubscribed. The larger raising at $0.50 (as above) was also oversubscribed. Yet GCY management decided to not enlarge it. At least this time they took an extra $1m.
I am very happy with the amount to be spent on exploration over the coming months. Approx $1m a month pretty much duplicated DCNs spend. Although GCY will be splitting it on two projects, versus one.
The company is now (although until recently I had reasoned it was already) strongly backed cash wise for the rest of the project. The debt facility will add a further $60m of liquidity which will see GCY have approx (my estimation) $25m at June 30 after the plant has already started producing gold bars.
I wonder if we will see any overseas institutions take part in the placement (i.e Van Eck...)
- Forums
- ASX - By Stock
- SPR
- Ann: Gascoyne Raises $21 Million in Oversubscribed Placement
Ann: Gascoyne Raises $21 Million in Oversubscribed Placement, page-3
-
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPR (ASX) to my watchlist
|
|||||
Last
$1.28 |
Change
-0.020(1.54%) |
Mkt cap ! $1.416B |
Open | High | Low | Value | Volume |
$1.31 | $1.32 | $1.28 | $4.141M | 3.191M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 196514 | $1.28 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.30 | 33512 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 196514 | 1.280 |
1 | 28778 | 1.275 |
3 | 30007 | 1.270 |
4 | 41193 | 1.265 |
3 | 33096 | 1.260 |
Price($) | Vol. | No. |
---|---|---|
1.295 | 33512 | 1 |
1.300 | 39667 | 2 |
1.305 | 30667 | 2 |
1.310 | 26667 | 2 |
1.315 | 37593 | 3 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
Featured News
SPR (ASX) Chart |