CQT 0.00% 51.5¢ conquest mining limited

HUMMMS,We'll just have to wait and see what we see:> The SPP...

  1. 486 Posts.
    HUMMMS,
    We'll just have to wait and see what we see:

    > The SPP runs from 25/10 to 15/11
    > According to the Announcement
    === The SPP is 'intended' to be capped at $5 million'
    === CQT 'reserves the right' to scale back to $5 million total

    So, the company is obviously keeping its options wide open: it CAN scale back to $5 million, but is not obligated to, just 'intended' to as at 13/10.

    While they can take more money if it's offered by shareholders, they could choose not to based on the premise that future raisings will take place North of $0.48.
 
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