Well i am not surprised that the offer was only 25% taken up by holders. A $9M shortfall from the $12M sought for the Phoenix drill must be disappointing for management. Message there perhaps from holders?
Where to now though? Surely directors have a contingency for this position.
Will the upcoming current WBEXT drill results be successful and present someone a free carry? Will we see the placement shortfall now be underwritten, & at a lower price, resulting in a bitter taste for holders?
It's hard to be positive, but i'm trying!
entitlement shortfall
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $193.3K | 1.226M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1183937 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 1131769 | 4 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |