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3.6¢ centrex limited

why wouldn’t you announce to the market you are targeting lower...

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Barry81

3,181 Posts.

536

07/11/23

12:54

Post #: 70765890
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Originally posted by Happ: ↑

That's an interesting conspiracy that doesn't pass a pub test. If as you say they wanted to minimise the capital spend in order to get finance why would they need to announce it to the market?? Do you think lenders make their assessments from ASX announcements??

What this announcement shows is that they are confident and decided to put their balls on the line through an announcement.

Whether financing will come from debt, options or equity does not matter at this stage because the management have been derisking their alternatives.

The reason why every shareholder should vote for the capacity to raise resolutions at the AGM is that it provides an alternative to debt funding. A 25% capacity is around $15mln on current market cap.

If we as shareholders approve the capacity to raise then the management can say to the potential creditors - "if you are unreasonable with your terms, we will raise on market".

That is a fantastic bargaining position to be in.

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why wouldn’t you announce to the market you are targeting lower capex. Like you say that’s a good announcement.

the question is where are they cutting the capex from eg there isn’t an updated feasibility study and it’s a fair amount of reduction?????

CXM Price at posting: 7.9¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 3.6¢		Change -0.001(2.70%)		Mkt cap ! $30.85M

Open	High	Low	Value	Volume
3.7¢	3.7¢	3.6¢	$18.72K	506.4K

Buyers (Bids)

No.	Vol.	Price($)
5	537192	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	110000	1

View Market Depth

No.	Vol.	Price($)
5	537192	0.036
2	1140000	0.035
2	63888	0.030
1	43400	0.023
1	1000000	0.020

Price($)	Vol.	No.
0.040	400459	2
0.041	150000	1
0.042	161861	1
0.044	217715	1
0.048	60000	1

Last trade - 16.10pm 22/07/2024 (20 minute delay)

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