$100m was offered by a North American firm for 30% of the copper project and 50% of the water.
Offer was considered and rejected by the board over the last few weeks as it severely undervalued our assets and they believe they are/will be worth substantially more once after future news flow comes through.
We don't want to negotiate from a position of weakness.
a large chunk will be going into the TSX with institutions lapping it up over there apparently.
after being initially pissed off and telling CE so, I can see the merit in the action they have taken. yes, a little short term pain on the share price front no doubt but for longer term gains hopefully. confirmed lots of news flow to begin after money in the bank, and the money they have been spending the last few qtrs will/have yielded results.
lots he couldn't tell me though of course.
Ann: Trading Halt, page-68
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Last
90.5¢ |
Change
-0.040(4.23%) |
Mkt cap ! $136.9M | |||
| Open | High | Low | Value | Volume |
| 95.0¢ | 95.5¢ | 88.8¢ | $697.9K | 763.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4776 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 91.0¢ | 9540 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
89.5¢ |
Change
-0.040 ( 5.81 %) |
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| Open | High | Low | Volume | ||
| 95.0¢ | 95.5¢ | 89.0¢ | 94597 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| HCH (ASX) Chart |