You are on the money, and the answer was in the acquisition ANN:
The evaluation work is planned to commence as soon as theacquisition is complete in H2 2019 funded by existing cashreserves, capital raising by share placement and/or the exerciseof CTMOB options at the end of August 2019 and/or debtfinance.
There will be dilution and debt - just depends on by how much - and how much. They must pay Vale circa $3M within 3 years regardless, so there's a clue.
Note, paperwork seems to be lodged by CTM and Vale for the relevant tenements in the DNPM.
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- Ann: Appendix 3B - Expiry of Listed Options CTMOB
Ann: Appendix 3B - Expiry of Listed Options CTMOB, page-22
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Last
43.5¢ |
Change
-0.030(6.45%) |
Mkt cap ! $215.8M |
Open | High | Low | Value | Volume |
46.5¢ | 46.5¢ | 42.5¢ | $257.1K | 581.3K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 99994 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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45.5¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 99994 | 0.435 |
4 | 36762 | 0.425 |
1 | 4984 | 0.420 |
1 | 20000 | 0.415 |
1 | 12195 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.455 | 50000 | 1 |
0.470 | 10000 | 1 |
0.475 | 12000 | 1 |
0.485 | 3514 | 1 |
0.490 | 131218 | 4 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
43.0¢ |
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Change
-0.030 ( 8.35 %) |
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Open | High | Low | Volume | ||
46.5¢ | 46.5¢ | 43.0¢ | 95176 | ||
Last updated 15.59pm 14/06/2024 ? |
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