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
Ann: MCB Project Mining Permit granted by Philippine Government, page-96
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Mkt cap ! $24.27M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $47.53K | 4.753M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3488765 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 8688899 | 15 |
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| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 1.1¢ | 1.1¢ | 1.0¢ | 1370194 | ||
| Last updated 15.11pm 05/06/2024 ? | |||||
| CLA (ASX) Chart |