It was over subscribed .. It was considerate of them to put shareholders interests first in the capital raising.. as someone else mentioned recently we would be complaining if we did not receive our full allocation and they got theirs. (although I do feel like a sucker given the SP at 2.4c)
They still have major skin in the game and significant incentive to make the company successful and profitable.
I dont mind that LBT are the biggest shareholder its kind of reassuring...IF they are holders and not dumpers like first state
I agree ditch/spin off the bauxite and the Dr asap if there is no news this or next quarterly on Bauxite side, the expenses dont justify holding cost. If it was any good it would have been a goer a long time ago.. imo
CGB Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
