Current metal prices and Sibayne Stillwater are the positives, the negatives have been covered extensively in these threads.
https://hotcopper.com.au/threads/an...-32-9-million-placement.6382277/#.YZhpWNBBw2w
https://hotcopper.com.au/threads/ann-despatch-of-entitlement-offer-prospectus.6404258/#.YZhoqNBBw2w
Market price below offer price is pretty damning, execution risk and lack of insto support for the offer is also a bit of a negative. If they can turn around Century, and metal and commodity prices stay up and they execute well at Century and Queenstown then this will look like a bargain in hindsight, the market seems actively disinterested in Zn producers/miners for the last 30 years (except for the 5 minutes of sunshine before the GFC).
I think this entitlement offer could produce a massive overhang in shares and be a significant road block to share price appreciation so it looks like investors might be able to pick and choose their lower entry points in the future.
- Forums
- ASX - By Stock
- Ann: Form 603 and Disclosure under TP Guidance Note 20
Current metal prices and Sibayne Stillwater are the positives,...
Featured News
Add NCZ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online