Hi Tricha,
I'd be surprised if CTO attempted to raise $50m in gold's weak season (June/July) although Stratovarious reckons it's on the cards??? Instead a small CAP raising to complete development / buy equipment for Stopes 2 and 3 would be better, wouldn't it? That could bring production up to 60k pa and cash-flow to start developing stopes 4, 5. The beauty is CTO have options and don't have to do a big CAP raising if conditions aren't right. I'd hate for them to do an "FML" and dilute the share registry far below recent prices. At least Mark Lynch owns a big chunk of the company and his interests are presumably aligned with ours. Well mine anyway, I guess you're not a shareholder anymore?
- Forums
- ASX - By Stock
- hmm cash burn and no gold to talk about
Hi Tricha,I'd be surprised if CTO attempted to raise $50m in...
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTO (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
0.001(12.5%) |
Mkt cap ! $13.5M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $3.15K | 700K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 20481240 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 9979601 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 20481240 | 0.004 |
15 | 10347355 | 0.003 |
7 | 6015025 | 0.002 |
8 | 10802988 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 9979601 | 9 |
0.006 | 2260000 | 4 |
0.007 | 1229758 | 3 |
0.008 | 3869194 | 6 |
0.009 | 1370800 | 3 |
Last trade - 12.03pm 24/07/2024 (20 minute delay) ? |
Featured News
CTO (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, CEO
Paul Long
CEO
Previous Video
Next Video
SPONSORED BY The Market Online