CLN
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3.41% 8.5¢ colonial resources limited

Ann: Response to ASX Price Query , page-13

  1. stmann
    33 Posts.
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    12/01/10
    12:22
    Post #: 6191142
    Hotwolf,

    You are forgetting that for the dilution you describe to occur all shareholders will have to subscribe to their full allotment. When they do that they will inject close to $8M in capital which will easily double the current MC of $6M.

    CLN Price at posting: 9.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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