So the value of our current shares is put into perspective here it seems. It appears we will have an idea of redemption rates prior to the vote, however at 100% SPAC redemption the shares are stated as being worth close to current value at AUD 0.173, however if this is 90% redemption improves our current share value to AUD 0.248? As the redemption improves, so does the share price.
The share price also improves further if the ratio of MergeCo to CBR share improves to 0.0877 from the utilised 0.06...
Any issues with this high level assumption all? Are these the cards being dealt?
CBR Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held