CGT
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0.00% 21.0¢ castlemaine goldfields limited

proposed $16.5m capital raise

  1. Alex999
    3,827 Posts.
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    18/11/11
    18:59
    Post #: 9308720
    Understand terms are as follows:

    * 1:1 rights issue @ 10c -- fully underwritten -- non-renounceable
    * Further $1.5m placement under 15% rules.

    Non-renounceable part interesting - underwriters must want to scoop up leftovers at 10c

    Compared to how it might have looked, this is not too bad.
    Now that cash shortfall issue covered, would have to be a decent bounce on reopening on Tuesday. $15m market cap absurd.
    CGT Price at posting: 10.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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