ECE is definitely off the table and will need to be renegotiated. ECE is not going to be liking this new outcome and i can asssure you that NTU have now got new backers who will be more than willing to step up to the plate. The rights issue gives them the cash in the treasury to move immediately on their RRE and Uranium developments.
It is an extremely good move by the management and shareholders will need to get their head over the 16cps issue. Do remember that it is much higher then ECE's proposed offer. But more importantly, the management will NOT NEED to wait for FIRB approval before taking the funds and instead can now move on their operations in OCT this year.
I will definitely be buying. Kudos to management and thanx again to LYC.
ECE is definitely off the table and will need to be...
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Last
3.3¢ |
Change
-0.002(4.41%) |
Mkt cap ! $192.1M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.3¢ | 3.2¢ | $60.42K | 1.835M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 3055604 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 354803 | 2 |
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| NTU (ASX) Chart |