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https://hotcopper.com.au/threads/ann-pro-rata-non-renounceable-ri...

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littleblackduck

784 Posts.

241

09/08/18

15:09

Post #: 34835448
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Originally posted by TinyBoat ↑

I have no idea why someone not in with the managing clique would top up at 3c on the CR when they can do so at 2.5c in the market - unless the volume they want will shift the market. Geez - I wouldn't be investing big in the the CNJ guys on track record - talk about high risk! The CNJ Board are either at a loss how to stem the SP plumet or happy to see it happen - not a good story either way. At least at BAR we have a gold hedge and a board that appears to be fairly prudent money managers. I suspect most of their problem is CNJ are not performing their side of the JV bargain and instability over there infects our SP and puts us at a disadvantage when we will inevitably have to deal with Creasy. The only sensible thing to do is merge or spin off to combine the holdings - but don't tell me egos and hanging on to board positions and fees doesn't get in the way of that!!

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https://hotcopper.com.au/threads/ann-pro-rata-non-renounceable-rights-issue.4349334/#post-34834485
Surprising CNJ through TASMAN are using one one cash raising to pay for another.

BAR Price at posting: 3.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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