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.
Ann: Appendix 3B - Expiry of Listed Options CTMOB, page-22
Add CTM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $240.3M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 48.8¢ | 46.0¢ | $461.1K | 984.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13000 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 26469 | 4 |
View Market Depth
| Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
|
|||||
|
Last
48.5¢ |
Change
-0.005 ( 1.04 %) |
||||
| Open | High | Low | Volume | ||
| 47.5¢ | 48.5¢ | 46.0¢ | 104186 | ||
| Last updated 15.59pm 23/05/2024 ? | |||||
| CTM (ASX) Chart |