Of course it will be. The rights issue even puts a date to reporting undersubscription to the asx. But sam the man will make uo the difference.
good support showing on the buy side now. Looks like we are starting a long slow climb to the top by the looks of the turnaround on the charts. Hopefully this is the last quarter that cgn needs to source funds and management can streamline the expected income.
im still surprised to see reasonable sell orders but i guess a small premium to the rights issue is free money.
CGN Price at posting:
9.4¢ Sentiment: Buy Disclosure: Held