CAI 0.00% 11.5¢ calidus resources limited

I'll look into it. Chart looks good without digging too...

  1. 7,746 Posts.
    I'll look into it. Chart looks good without digging too deep.

    Yes, very similar to INT. If they place 25% at 0.1c then we wont get off that canvas. I just don't get it. We struggle to place at 0.2c and the overhang will last months, yet they already thinking of raising another 25%. Thinking of salaries? I can't see how they will find buyers.

    Maybe it's under the table deal. CPSS take a hit now at 0.2c with gaurantee of shares at 0.1c to sophs later. So they can average 0.15c and free option. The only way I can see underwrites turning a profit.

    A line of equity provider looks like the next step and the similarities with INT will continue. Possibly even a proposed consolidation although we were spared for this agm.

    I've emailed John to tell him my disgust. I understand having the 15% their for an emergency. But this additional 10% in our current position is not a good look for new investors.

    I honestly hope they don't get 75% votes on this matter.

    Quarterly out on Oct 31st at 7pm?
 
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