This CR will be positive for ACB right in the middle of the U thematic shift
U spot price moved another notch up overnight. Sprot U trust is buying more and more physical U and taking supply out of market. Supply up ramp is non existent in the short term as well.
Would expect major shareholders owning 90% of capital structure to take up stock in this CR to minimise their dilution. Macquarie will most likely participate in the CR as well.
A left field major or a chinese entity may also cornerstone this raising so lets see how things pan out
- Forums
- ASX - By Stock
- ACB
- 8-year high; how high can it go?
8-year high; how high can it go?, page-10
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)