If you think about it the company was under a short attack. In Ten days they took a third of the company. This insto placement strengthens CXO.
Its not a retail rights issue thankfully which the shorting Hedge funds wanted. This is not good news for them.
They will calling the broker and company wanting shares so they can cover but they could end up 150m shares short in a super strong balance sheet company with a strategic investor and now far stronger register than they had a day ago.
Ann: Pause in Trading, page-103
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Last
11.5¢ |
Change
-0.015(11.5%) |
Mkt cap ! $246.4M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 11.5¢ | $2.271M | 18.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 2973036 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 1235619 | 14 |
View Market Depth
| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |