Afternoon Guys,
Whisper is that this has gone to the Aussie brokers - I assume Sprott's terms weren't favourable enough.
Big demand is what I am hearing and insto's are very keen. Super quick turnaround too which suggests demand for script.
Don't know the terms or discount but would think it will be minimal - look at some of the recent deals (e.g. IGO --> ENR and BHP --> SOLG) and there is even the prospect of a premium... maybe wishful thinking as I will likely not get a look in.
I think this is wise to get this away now. Management have been very astute waiting for a few more "best ever" drill results and the licence extension ... markets are looking very wobbly now so whilst demand is present it is wise to fill the coffers with a sufficient, but not excessive, amount of cash.
Cheers
John
Ann: Trading Halt, page-18
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ADT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.31 |
Change
-0.100(2.93%) |
Mkt cap ! $928.9M | |||
| Open | High | Low | Value | Volume |
| $3.36 | $3.37 | $3.29 | $2.437M | 733.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10957 | $3.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.33 | 592 | 1 |
View Market Depth
| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| ADT (ASX) Chart |