CLZ classic minerals ltd

Do remember that, just because the SP rises, it doesn’t mean...

  1. 184 Posts.
    lightbulb Created with Sketch. 60
    Do remember that, just because the SP rises, it doesn’t mean there are cashed up investors willing to cover a CR at the newly risen SP. Even if it was at 0.4 in a week, they still need to findsomeone willing to pay more than 0.1. Even though the investor could immediately turn around a profit, it’s not as simple as it first appears. They have other loan commitments due in May, so it simply could be to service those, but waiting a week might not have actually made a difference, from their perspective. Also, I’m not sure about what discount they can actually offer on a CR, surely it wouldn’t be more than 25%, meaning they would need to find someone willing to pay near market value. But, of course, the more likely reason is that they wanted to get more shares in friends’ pockets before the inevitable SP rise. Think about it, they could triple their money almost overnight.
    Last edited by DevsAdvoc: 03/05/21
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.