Ig6 basically bought out CRL to protect the SP. Those funds could have been spent on other projects.
Seems like they've taken on a liability. Why couldn't CRL secure a loan from somewhere else? If CRL didn't hold 30% of IG6, do you think IG6 would have given such a loan?
Sure, it removes short-term uncertainty and a potential sell off, that's good but in 2 years they'll be the same predicament. If CRL aren't successful then it will remain a burden.
Ig6 basically bought out CRL to protect the SP. Those funds...
Add IG6 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $20.72M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.0¢ | $35.72K | 311.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 480580 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 39651 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
|
Last
11.5¢ |
Change
-0.005 ( 4.17 %) |
||||
| Open | High | Low | Volume | ||
| 11.5¢ | 11.5¢ | 11.0¢ | 102229 | ||
| Last updated 14.31pm 10/05/2024 ? | |||||
| IG6 (ASX) Chart |