I agree.
I don’t see a problem at all with any future CR‘s i.e. with so few shares on issue, and with the SP currently at 1.75, CNB will not have to issue very many shares at all in order to raise some additional cash for an extensive drilling program.
If CNB does make a rights issue sometime later this year, and it is pitched at an attractive SP, it is highly likely that it will be fully subscribed.
Cheers.
Ann: Investor Presentation - January 2022, page-65
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