Its interesting that they want to raise more money. Could Singapore oil be using NZOGs war chest to try and get ironbark of the ground.
Looking at how Singapore oil lowered admin costs and increased profitability of Cue seems like they're trying to turn Cue into the producing branch of the company.
All speculation of course but its an interesting story.
The raise would have to be more than half NZOG to maintain control.
Ann: Notice of Annual General Meeting/Proxy Form, page-2
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $73.32M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $8.603K | 79.97K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 177731 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 759708 | 14 |
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| Last trade - 15.45pm 10/07/2024 (20 minute delay) ? |
| CUE (ASX) Chart |