Yeah, a lot of BS hitting the threads@Deme The 15c options allow holders to convert funds at a higher value. After all, you get a free option if you can sell above 11c and convert to this agreement. This is a small cap raise compared to others. This deal is basically the same deal PLS did at 30c and PLS is now trading at $4.80. We are going mining fellas so what is the blue sky here? $1/share next year? $2 the year after as the copper price drifts higher?
Receipt by Cyprium of binding commitments for US$140 million (AUD$195m on today's FX rate) or an A$ equivalent amount in Senior Secured Bonds on terms that are confirmed in writing to be to the satisfaction of the Joint Lead Managers (acting reasonably) that combined with the US$35 million prepayment facility and A$20 million of Placement proceeds fully finance the Nifty Restart Project;
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Open | High | Low | Value | Volume |
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1 | 76924 | 5.0¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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4 | 910416 | 0.048 |
3 | 322765 | 0.047 |
3 | 280000 | 0.046 |
3 | 64000 | 0.045 |
Price($) | Vol. | No. |
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0.051 | 250000 | 2 |
0.052 | 310161 | 3 |
0.053 | 1000423 | 1 |
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