1. In any market, cash is king. CRML was running out and had no volume to speak of, so as everyone on this forum said, the pricing was artificial at $9-$10. You cant have it both ways. Now, its a tangible value at $US522 mil @ $5.50 close which is $AUD830 mil. So in effect, smart move, increased volume, money in the bank to progress projects and more institutional clients.
2. A small amount? $22mil is $A35mil - I dont call that a small amount given hundreds of placements in Aus at $5mil and below.
EUR Price at posting:
5.9¢ Sentiment: Buy Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)