GNM 7.14% 1.5¢ great northern minerals limited

Ann: GNM Closed Oversubscribed Placement, page-21

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 226 Posts.
    lightbulb Created with Sketch. 38
    won't be enough liquidity to do that....

    I am not a holder & don't plan on being one:
    - The amount raised is ridiculous for what is required at this moment of time, further diluting SH
    - the Options is also kinda crazy with the exercise price being 1/3 of the raised price (this would be the main issue, shows no confidence at all)

    Although, without the liquidity, a lot of them will be forced to hold until it at least rises & will definitely create a floor now at the .6c mark. - that could be a positive.

    Camel creek does have potential - that is why I initially invested but management just did not do it for me at all, hence me selling out around the 1c mark ( i did lose out by buying at 1.2c)

    The next few weeks will be interesting but even with a good SS, i think the SP will find it difficult to re-rate at a significant pace as it churns through this CR.
 
watchlist Created with Sketch. Add GNM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.