Its an educated guess. In short, you have a company that tried to sell itself out to someone else, but the deal fell through. Absent that deal, they are now scrambling to find money to pay loans. Assuming they can fund the loan, they will also need additional funds for future operational costs. However, the markets is turned off by the abject lack of business progress, so raising funds will be very difficult. Overall, the market sees this as a very high risk play now, so I expect the SP to keep plummeting just like it did prior to suspension...
Its honestly not rocket science.
- Forums
- ASX - By Stock
- CPH
- Ann: Trading Halt
Ann: Trading Halt, page-35
-
- There are more pages in this discussion • 8 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 CPH (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online