Even with the US market closed, Canada was trading and uranium stocks continued the party from Friday so this bodes well for another good day on the ASX which CXU missed out on from being in a TH. Will be interested to see how CXU trades now with the CR details out. "Logic' says it should be about an 18% fall in SP (324M new shares divided by total shares post offer of 1,786 M) ignoring the effect of the $2M in new capital the company will have, but markets are never logical and get fixated on what the CR price raise is of $0.006. But a special case here in that all the dilution will be coming from entitlement take up of existing shares and not as much concern of share dumping as can happen with placements to external parties.
CXU Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
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