well, i can't complain with today's news....a big tick from me.... a few people shirty about the 2.5% royalty.... but, to raise another $8.1m at $0.04 would have been an additonal 29% shares on the registry.... far exceeding the 2.5% royalty cost in my eyes....let's run an example of $200USD margin on $600USD sale price...it will cost CXO $15USD in total for royalties... that's 7.5% of the margin ($15/$200).... I'd much rather lose 7.5% than 29% via dilution.... this is far from accepting something when desperate.... most small caps, just dilute, dilute, dilute... it might be 10% here, 8% there... but, it all adds up...
also, this time last week, would any shareholders have actually believed they could in fact raise $8.1m at even 4 cents without a strategic investor??? afterall, there really wasn't that many interested buyers sub 4.5 cents this last week or two...it would have been a struggle i think.
it's much easier to say they could get $8m via equity now that we know Lithium Royalty Corp have had the gonads to fork up with absolutely no guarantees of a return.... i for one am a lot more confident after today... but, would i have been as confident or bullish last week, hell no! think of how you saw the company last week and then reassess today's announcement...
- Forums
- ASX - By Stock
- CXO
- Ann: Strategic Investment by Lithium Royalty Corp
Ann: Strategic Investment by Lithium Royalty Corp, page-44
-
- There are more pages in this discussion • 2 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 CXO (ASX) to my watchlist
|
|||||
Last
9.3¢ |
Change
-0.005(5.10%) |
Mkt cap ! $198.7M |
Open | High | Low | Value | Volume |
9.9¢ | 10.0¢ | 9.3¢ | $3.295M | 34.70M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 365887 | 9.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 883409 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 160000 | 0.093 |
8 | 228042 | 0.092 |
5 | 162000 | 0.091 |
15 | 566558 | 0.090 |
6 | 244301 | 0.089 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 814846 | 6 |
0.096 | 114900 | 3 |
0.097 | 280988 | 2 |
0.099 | 510000 | 3 |
0.100 | 414411 | 8 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
CXO (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online