Apologies if this is repetition, thought I posted earlier but I don't see it...
$1.76M is enough to last a few quarters, given slower cash burn now that the BFS is done.
Of course the brokers will be harassing JD to do another CR, I don't think it's in our interest at all, but he may just agree there is a need for it. In this scenario, positives that I see are:
- A CR is PR. previous CR's have seen 50% share price rallies.
- Nyrstar may participate to maintain their 19.9%. Recent news stories say they're re-investing in their ops again, if they participate it would be a very good sign for Citronen.
- We need more shareholders for greater liquidity. It appears there are 1 or 2 short term traders who are happy to cap and trade the SP at 8c or less. A CR should break that pattern.
Cheers
Ann: Director Appointment/Resignation, page-12
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Mkt cap ! $6.375M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $4.833K | 1.208M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2117531 | 0.4¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5429982 | 9 |
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