CXU cauldron energy limited

Ann: Private Placement to major Shareholder to Raise $2.025M, page-10

  1. 283 Posts.
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    For those that don't know I control Parle Investment,
    The recent political changes in WA and the increasing interest uranium has raised the possibility of some bigger company becoming interested in CXU. The concern I have is at this point no one can clearly say what the pound of uranium are because there is still a lot of exploration work to be done. This cost money and if a CR was done in the normal way the price would need to be discounted and that wouldn't be in the best for existing shareholder. I need to make a point worth noting, we are sitting on 67 m options and we could have exercised those for around $1m. Instead we took the harder choice of purchasing 45 m share for $ 2m so the company had more funds. In addition we can convert the options in the future to give CXU a further $1m if needed provided we act with in the 20% rule.

    We are here to support Jono and the team as they are doing a great job. They will build CXU into a major Australian Uranium producer in the future.
    Tony
 
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Last
1.0¢
Change
0.000(0.00%)
Mkt cap ! $17.91M
Open High Low Value Volume
0.9¢ 1.0¢ 0.9¢ $3.38K 375.4K

Buyers (Bids)

No. Vol. Price($)
6 5299985 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 5771118 9
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Last trade - 10.54am 25/07/2025 (20 minute delay) ?
CXU (ASX) Chart
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