Good post Malay. In fact $40million in this Covid era can be thought of as $80 million - that's how big this investment is IMO
In times of such uncertainties and struggles, CHN raised in just a day or so $40 million off the back of some would say a very early phase of exploration in Julimar - just a dozen or so holes drilled.
What has compelled these big hitters to part with $40 mil in such quick fashion? These investors might have their own tech advisers look at Julimar's results to date and formed a good idea of its potential to want in on this investment opportunity.
The over subscription to this CR was more than double what was on offer - bodes well for $1.05 as a very strong base as many that missed out in the CR could be stacked at $1.05 bid line wanting 33 million shares.
Ann: Chalice Raises A$30 million to Fund Next Phase at Julimar, page-69
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Last
$1.57 |
Change
-0.015(0.95%) |
Mkt cap ! $610.7M | |||
| Open | High | Low | Value | Volume |
| $1.64 | $1.65 | $1.56 | $6.776M | 4.246M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10448 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.58 | 11713 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |