CAZ cazaly resources limited

EQN. we dodged a bullet there, page-6

  1. 7,333 Posts.
    lightbulb Created with Sketch. 4918
    Sold at $0.20?

    Adding a (normal) 6% transaction cost of $129,195 to the net proceeds of $2,153,250 = $2,282,445, round that up to $2,300,000 for ease of calculations;
    $2,300,000 / 15,000,000 shares = $0.153c per share?

    What am I missing for the Company to say, they received a compelling offer, when on the date of the announcement 27 November 2023, the share price of Equinox Resources was $0.37? Unless the Company considers retaining any future royalties over the Hamersley Iron Ore project of US$0.30/tonne as a valuable asset?

    https://hotcopper.com.au/data/attachments/6675/6675784-664917cc9640f49b81cd1618cc43762c.jpg



 
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Mkt cap ! $10.14M
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Price($) Vol. No.
2.2¢ 18371 1
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