You are on the money, and the answer was in the acquisition ANN:
The evaluation work is planned to commence as soon as theacquisition is complete in H2 2019 funded by existing cashreserves, capital raising by share placement and/or the exerciseof CTMOB options at the end of August 2019 and/or debtfinance.
There will be dilution and debt - just depends on by how much - and how much. They must pay Vale circa $3M within 3 years regardless, so there's a clue.
Note, paperwork seems to be lodged by CTM and Vale for the relevant tenements in the DNPM.
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- Ann: Appendix 3B - Expiry of Listed Options CTMOB
Ann: Appendix 3B - Expiry of Listed Options CTMOB, page-22
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Last
37.0¢ |
Change
-0.030(7.50%) |
Mkt cap ! $183.5M |
Open | High | Low | Value | Volume |
40.5¢ | 40.5¢ | 37.0¢ | $65.84K | 167.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11500 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.5¢ | 40564 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11500 | 0.365 |
1 | 20000 | 0.355 |
1 | 54198 | 0.345 |
2 | 28000 | 0.340 |
4 | 33560 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 9000 | 1 |
0.395 | 58564 | 2 |
0.405 | 10666 | 1 |
0.420 | 15331 | 2 |
0.430 | 10000 | 1 |
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