Stop the Press I just read this from the Chairman's address:
"Coda Minerals is currently a public unlisted company. Coda has appointed experienced broker, CPS Capital to advise on our proposed listing, it is currently expected that Coda will be able to list in the first half of 2020. However, with current mining and metals listings at historical lows, there is no guarantee that Coda will ultimately be successful in listing.
The board and management are committed to the long-term success of Coda and we know that many of our shareholders share our belief in a strong future for Coda. We also understand that some shareholders that are historically Gindalbie shareholders would prefer an early liquidity event and do not necessarily wish to remain invested long-term in the Company.
As announced during the scheme of arrangement, we have been actively investigating liquidity opportunities for shareholders who wish to sell their shares in Coda. I am pleased to announce that we are currently preparing to offer a facility to shareholders who wish to exit the stock by way of a secondary market offer. This facility is currently subject to regulatory review and we hope to be able to provide more information to all shareholders shortly."
I am expecting the offer to be south of A$0.20. That is market cap will be A$7 million or less.
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