Well, either games are being played, or... any offers GCY received since the plant went in to C&M were not enough to sway SL in regards to what he views as 'true value' for GCY assets. I can only surmise the raising being discussed in this article is the way forward for GCY, which I cannot help but be disappointed about as the timing is quite bad when you look at sector and how badly it is currently performing. Though I know there is very little the GCY could have done in that regard (unless... they held out for better offers early on, but... never got them).
Glad to see the raising is not asking for more than $30m (though of course, its going to be dilutive either way.
Gascoyne readies $30m recap
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Last
75.8¢ |
Change
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Mkt cap ! $839.4M |
Open | High | Low | Value | Volume |
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12 | 61942 | 0.750 |
11 | 68440 | 0.745 |
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6 | 87535 | 0.735 |
Price($) | Vol. | No. |
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0.760 | 64843 | 6 |
0.765 | 48162 | 7 |
0.770 | 84633 | 7 |
0.775 | 103507 | 10 |
0.780 | 253927 | 14 |
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