Cancun already had how many shares which had cost them how much? The $1.5mil isn't the figure to focus on... the real figure here is $300k which is the amount of the premium. That might be an amount worth paying for somebody with a substantial position in order to prop the price up. It's also worthwhile noting, that Cancun accumulated prior to paying the premium. So if I'm Cancun maybe I try to offset some of that $300k premium by the fact that I have bought plenty at around 1.2, which I hope I can then offload for a profit at around 1.4 or 1.5 because I expect the sp to move there after the announcement that I've taken up the CR at a premium.
- Forums
- ASX - By Stock
- TV2
- Ann: Indonesian Project Update
Ann: Indonesian Project Update, page-210
-
-
- There are more pages in this discussion • 254 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 TV2 (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online