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
- Ann: Placement to Fund Exploration on Lithium & Graphite Projects
This placement was super tight and in heavy demand. I was...
-
-
- 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)
Featured News
Add CGM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online