This is an interesting scenario. However the Dubai loan is convertible at 26cents per share. Also the loan is only for 2.5 years so it is best to leave it until the last moment so that it maximises the timeframe. It is secured against some of citigold's assets ($30mill) They also get a huge chunk of options exercisable at 26 cents per share.
It is very much in the interest of the Dubai group to see the company start to perform. The volume of shares traded over the last few months has increased dramatically, yet buyers have still bought, albeit at bargain prices. I am not expecting anything too spectacular in this upcoming report, but I believe things are progressing nicely.
trojan in the barn, page-2
-
- There are more pages in this discussion • 12 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 CTO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
0.001(11.1%) |
Mkt cap ! $15M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $20.50K | 4.553M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 13896816 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 8582633 | 8 |
View Market Depth
| Last trade - 15.22pm 26/07/2024 (20 minute delay) ? |
| CTO (ASX) Chart |