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
39.0¢ |
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Mkt cap ! $193.0M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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2 | 77861 | 39.0¢ |
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Price($) | Vol. | No. |
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1 | 75361 | 0.390 |
3 | 131531 | 0.385 |
5 | 244032 | 0.380 |
1 | 11000 | 0.375 |
2 | 54000 | 0.370 |
Price($) | Vol. | No. |
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0.395 | 40000 | 1 |
0.405 | 618 | 1 |
0.410 | 84707 | 2 |
0.415 | 7000 | 1 |
0.420 | 30000 | 1 |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 15.54pm 10/05/2024 ? |
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