CVN has at least four attractive ways to fund their next drills:
1. Raise money from shareholders, e.g. rights issue
2. Do a quick institutional cap raise at a minimal discount
2. Issue a block of shares to an fund/company at a premium price
2. Farm out some of their stake to other parties, who may happily pay a premium price, so much so that CVN could be even free-carried on the drill.
This is where a new set of corporate skills will get tested.
What existing shareholders don’t want is unnecessary dilution.
CVN has at least four attractive ways to fund their next drills:...
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.5¢ | $22.43K | 141.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 730102 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 727105 | 14 |
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| Last trade - 12.35pm 30/09/2024 (20 minute delay) ? |
| CVN (ASX) Chart |