NZC nzuri copper limited
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Capital raising - ouch to the discount!

  1. pcs007
    256 Posts.
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    14/12/17
    00:25
    Post #: 29614511
    i did suggest a capital raising was coming but got bagged for my "negative comments". anyway, it is here and by my calcs at ~25cents per share (31% discount to last price). good news is that funding risk is removed so onwards and upwards.

    Dec 13 (Reuters) - Zhejiang Huayou Cobalt Co Ltd :
    * SAYS UNIT INVESTS A$10 MILLION ($7.56 million) IN NZURI COPPER LTD FOR 14.8 PERCENT STAKE, WILL BECOME NZURI'S SECOND BIGGEST SHAREHOLDER Source text in Chinese
    NZC Price at posting: 36.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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