This placement was super tight and in heavy demand. I was offered to participate but did not as the amounts offered were low so stayed out as have a significant position here already. The fact the placement was done quick and only a smallish amount suggests CGM are very confident with what is unfolding on our projects and just wanted a quick cash hit to go full steam ahead on drilling the graphite project and continuing works at the Brazilian lithium project. Management hold a load of shares so they diluted very low to go full steam while teh market is hungry for these battery metal assets we hold.
- Forums
- ASX - By Stock
- CGM
- Ann: Placement to Fund Exploration on Lithium & Graphite Projects
Ann: Placement to Fund Exploration on Lithium & Graphite Projects, page-28
-
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)