morning OGX’ers. I guess today is the day we find out how this CR looks like. Placement v Rights issue. If SJB is right it’s coming at 0.2 cents. Much lower than I expected but hey if it’s a rights issue then I don’t mind. If it’s a placement to instos then MOK is off my Christmas card list!!!
If it’s a rights issue these are my key things to watch out for :
1) fully underwritten? That would be strong message.
2) will Anglo top up to 15%? That would be a strong message.
3) will the funds help buyout the Magna death spiral? That would be a welcome relief.
4) How quickly can funds get to site to help the Dream Crew. They have clearly suffered from no money.
lets see what happens and fingers crossed.
SJB please get behind MOK and the Galena team.
- Forums
- ASX - By Stock
- OGX
- Ann: Orinoco continues Cascavel gold sales
Ann: Orinoco continues Cascavel gold sales, page-108
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)