CAU has spent nearly all of its available cash and must now raise further capital in order to survive. They could try and raise capital through existing shareholders however, this requires preparation of prospectus docs and is relatively expensive.
The other option is raising capital through instos, which is simpler and considerably less expensive.
Both options will ultimately dilute the value of existing shareholders shares in CAU and it is almost inevitable that the sp will sink to reflect the revised value (Market cap / total no. shares on issue incl. new shares).
Moral of the story : if you believe in CAU, sell now and buy back in later at possibly half the price.
That's if you're a believer??????
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Last
7.1¢ |
Change
-0.005(6.58%) |
Mkt cap ! $40.88M |
Open | High | Low | Value | Volume |
7.7¢ | 7.7¢ | 7.1¢ | $47.32K | 655.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 35070 | 7.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.8¢ | 6500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 35070 | 0.071 |
8 | 562598 | 0.070 |
3 | 548913 | 0.069 |
2 | 25000 | 0.068 |
1 | 88999 | 0.066 |
Price($) | Vol. | No. |
---|---|---|
0.078 | 6500 | 1 |
0.081 | 100000 | 1 |
0.094 | 1300 | 1 |
0.095 | 2317 | 1 |
0.096 | 95651 | 1 |
Last trade - 15.56pm 20/08/2024 (20 minute delay) ? |
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CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
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