NB
Comparing pre-CR with post CR multiples is an irrelevant exercise...there had to be a CR so no real point. I agree that perhaps they should have waited for a higher SP, but no doubt the company had a reason for bringing it forward (I see a large Swiss investment bank is now a substantial shareholder - Julius Baer).
But if your worried about it, exercise your rights and your 3X bagger will give you an equivalent moentary return to a 5X bagger since you have more shares. Obviously a higher capital outlay but you still get the equivalent return.
Lets ALSO remember that quite a bit of the capital raising was for exploration purposes ($11M). If this exploration is successful (and its extremely high probability that it will be), then add a few multiples to the SP...all of a sudden the CR starts to look much more attractive.
As for CON notes...they were considered as far as I know, but company ditched them...smart move imo. They are disgraceful things for junior companies to issue!
Cdchi1
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- post-issue share price 0.165
NBComparing pre-CR with post CR multiples is an irrelevant...
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $59.56M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 10.5¢ | $5.25K | 50K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 834999 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 24284 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 834999 | 0.100 |
1 | 60000 | 0.098 |
1 | 89600 | 0.095 |
1 | 7789 | 0.091 |
2 | 111125 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 24284 | 1 |
0.110 | 105603 | 4 |
0.115 | 4500 | 1 |
0.120 | 242648 | 1 |
0.130 | 33 | 1 |
Last trade - 11.47am 19/07/2024 (20 minute delay) ? |
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