"Currently, Comet holds 40 million IG6 shares, representing around 24% of International Graphite's issued share capital. These shares are under ASX escrow until April 7, 2024."
If CRL is delisted, what is the worst thing that would happen? Does anyone know if the shares can be relinquished from escrow at an earlier date?
Say the IG6 shares are liquidated on the open market, I don't think that would be to anyone's favour (except people waiting to buy). A similar alternative will be to distribute those IG6 shares to CRL holders.
We can expect some announcements from Comet Resources regarding whether or not exploration permits will be granted, which will ultimately decide whether or not the company is delisted or not. Perhaps for the longevity of IG6, it would be best to rip the bandaid off and to shake the CRL monkey off of the back. I'm not really sure and would be interested in others' opinions. For now IG6 seems to be trading at a big discount, probably due to the uncertainty regarding CRL.
"Currently, Comet holds 40 million IG6 shares, representing...
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $20.72M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.0¢ | $35.72K | 311.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 480580 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 39651 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
11.5¢ |
Change
-0.005 ( 4.17 %) |
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| Open | High | Low | Volume | ||
| 11.5¢ | 11.5¢ | 11.0¢ | 102229 | ||
| Last updated 14.31pm 10/05/2024 ? | |||||
| IG6 (ASX) Chart |