I noticed that CMM announced they are raising $200m to fund expansion of its existing mine. So not going down the debt route - they emphasised in their presentation no hedging! It’s probably a sign that gold miners want to be fully exposed to a gold price that is galloping ahead - eg up nearly 12% in the last month in $A. The dilution is only 9%.
I do hope that SPR go down the same route - my chat with SL 2 months ago suggested they will be.
I won’t be surprised to see SPR SP head towards $2 around FID time so a CR of $200m (can’t see it being lower as they will need a fair bit of working capital) may only be about 10% dilution which I can live with.
I noticed that CMM announced they are raising $200m to fund...
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Last
$2.07 |
Change
0.050(2.48%) |
Mkt cap ! $2.652B | |||
| Open | High | Low | Value | Volume |
| $2.02 | $2.10 | $2.01 | $34.89M | 16.89M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 278638 | $2.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.09 | 40971 | 4 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| SPR (ASX) Chart |