You have to account for the fact that CLA is a ~50m mc company, its unlikely they would have been able to go it themself with raising capital for a project in this jurisdiction... and if they were you have to think the cost of capital and dilution would have been quite significant.
i like the deal and have been buying CLA on market.
Everybody wins from this deal.
CLA Under Offer, page-6
Add CLA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.13M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $3.572K | 300.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 6346092 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 429462 | 3 |
View Market Depth
| Last trade - 15.11pm 17/09/2024 (20 minute delay) ? |
| CLA (ASX) Chart |