The Chairman speech they said that they were looking into options to invest the capital into projects that may generate an income.
Then in the Q&A after it’s was asked of AC, if debt finance and divestment were well advanced (as he had stated these were FID ready if STO had pushed on), had the board considered by back of the last cap raise given the SP was at a significant discount (read 50%). The chairman answered the question stating it wasn’t being considered and that capital would be preserved for purchases/opportunities or expenses on existing assets.
I took it to mean that they were running the rule over other opportunities, with maybe a few opportunities’of interest’.
The Chairman speech they said that they were looking into...
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $281.7M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $188.7K | 1.204M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 1821098 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 1591832 | 14 |
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| Last trade - 13.39pm 31/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |