The message I am trying to convey is that we should not be popping corks or patting CG on the back, at least not yet.
It was a good deal initially. It got worse when the SP increased. It then got even worse when we gave away 100m instead of the agreed 40m.
This private placement at an approx 75% discount to current prices is a slap in the face to current holders. It needs to be viewed in light of both the July SPP that got scaled back, and the September private placement at 0.011.
Ultimately it begs an obvious question. if the prospects are so good, then why did we need to give away 100 million shares at bargain basement prices to sweeten the deal?
I want this to rocket as much as you do mate, but the best thing to do is to take off the rose coloured glasses at least once in a while.
The message I am trying to convey is that we should not be...
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $559.8M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.3¢ | $5.462M | 27.56M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 202667 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 6654078 | 37 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| LRS (ASX) Chart |