Is SVM are trying to sell their 12% stake on the market at their buy price of 1.5 cents I’d say they are, in the words of The Castle” - DREAMING. They just have too many shares.
As an alternative thought, if I were SVM, I’d be talking to the BoD regarding them (SVM) participating as a seller into any equity swap required to gain funding to proceed with the mine development.
2 benefits: SVM get a higher price, and less dilution to existing shareholders.
Just a thought
Is SVM are trying to sell their 12% stake on the market at their...
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Last
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Mkt cap ! $24.27M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $47.45K | 4.745M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1276026 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 9132681 | 17 |
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| Last trade - 14.11pm 05/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 1.1¢ | 1.1¢ | 1.0¢ | 1370120 | ||
| Last updated 13.25pm 05/06/2024 ? | |||||
| CLA (ASX) Chart |