Dorado Sell Down to Fund Development
Capital raise done.
Disappointing that there wasn't a retail component, either SPP or rights
Would have been much worse if Pavo was a duster - so thank your lucky stars.
Sell down to come according to announcements, and sounds like it could be imminent.
Pre-or-post Apus result is the question..
Deal price should give a look through valuation for CVN which shouldl be interesting.
Based on offers they received, they may have decided to hold onto a larger chunk of Dorado by doing a Capital Raise.
In other words, current shareholders are better off with the CR dilution and holding onto a bigger slice oi Dorado
rather than selling a larger interest in Dorado with a smaller or no capital raise.
Sell down price may allow us to answer that question..
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15.5¢ |
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-0.005(3.13%) |
Mkt cap ! $277.3M |
Open | High | Low | Value | Volume |
15.5¢ | 16.0¢ | 15.5¢ | $188.9K | 1.205M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 1817730 | 15.5¢ |
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Price($) | Vol. | No. |
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16.0¢ | 1591833 | 14 |
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No. | Vol. | Price($) |
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22 | 1821098 | 0.155 |
34 | 1567194 | 0.150 |
17 | 938337 | 0.145 |
13 | 724095 | 0.140 |
8 | 724935 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 1591831 | 13 |
0.165 | 701409 | 15 |
0.170 | 1129909 | 13 |
0.175 | 779277 | 12 |
0.180 | 868127 | 15 |
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