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22:22
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Originally posted by prawn_man:
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Amigos, there is plenty to like about the company now - I've copied some features of the company's structure from the preso (see below). My highlights are a very small market cap ($10 mil) and only 162 mil shares on issue. It's to our advantage that the top 20 shareholders hold only 28% (with Hanking @ 5% & Board @ 2%). It means that ordinary shareholders (the likes of you and me) are in control of this specky. For example, let's say they stike it big with the drilling that is underway, then Corazon will go for the inevitable capital raising (probably a placement). But if a nickel bull (or nickel cow) wants a bigger chunk of the company, it will have to buy on the open market (because the placement will only give them a small part of the company). And that's when the price will get a bigl kick along. Issued Shares 162.7m
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Exactly PM and that's now our big advantage. If anyone wants to buy a decent chunk the price will bounce big time.
(20min delay)