Blumont proposed a rights issue of up to 861 million new shares at S$0.05 each.
This would also generate approx $40m. Funding will be provided to get into production by offtake partners. Plus current cash.
So its quite possible that Blumont can provide a revised offer that would be acceptable to all shareholders.
Peter Lynch is presenting at the Brisbane Resource conference next Thursday so hopefully some news and update will be provided.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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1 | 6494 | 0.077 |
1 | 40000 | 0.076 |
1 | 413863 | 0.075 |
1 | 55555 | 0.072 |
2 | 240690 | 0.071 |
Price($) | Vol. | No. |
---|---|---|
0.079 | 89208 | 5 |
0.081 | 22083 | 1 |
0.083 | 55000 | 1 |
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