Anglo walked from their JV project; another major has been watching, and has expressed interest in farming-in to Chitigua.
Not to worry, SUH still has three other JVs in play...
Capital raising now offers holders an opportunity to accumulate more shares at 0.045; with free attaching options.
The annoyance of a capital raising possibly capping the current price is arguably insignificant and nothing more than a short-term annoyance.
Raising is underwritten, and bolstered by a private placement to sophisticated and professional investors to the tune of $1.2 million.
Who wants to bet that although the capital raising is underwritten; there will not be a short-fall?
Other companies have similiar scenerios where a JV partner walks from a project, however this company's execution of managing the news was handled exceptionally well in my opinion.
I'll be taking-up my full entitlements under the Rights Issue; how about you?
In the meantime, I will be looking forward to future drilling results across all current JV projects.
Anglo walked from their JV project; another major has been...
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Last
4.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.75M | |||
| Open | High | Low | Value | Volume |
| 4.7¢ | 4.7¢ | 4.6¢ | $190 | 4.115K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 185000 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 187207 | 2 |
View Market Depth
| Last trade - 12.12pm 14/06/2024 (20 minute delay) ? |
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Last
4.6¢ |
Change
0.000 ( 9.52 %) |
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| Open | High | Low | Volume | ||
| 4.6¢ | 4.6¢ | 4.6¢ | 7315 | ||
| Last updated 10.27am 14/06/2024 ? | |||||
| SUH (ASX) Chart |