With a possible $400-$500 million US which equates to approximately $565-$705 million AUD needed to fund our share of costs to get Dorado to production I’m hearing a possible share consolidation could be on the cards to make it easier to raise funds with larger institutions.
At a 10-1 consolidation that would give us approximately 160 million shares on issue for a share price around $2.50 based on Friday’s close or at a 5-1 consolidation that would give us approximately 320 million shares on issue for a price around $1.25 based on Friday’s closing price.
Could this be part of the grand plan and the reason for the current push to get the share price higher.
I personally don’t like consolidations but can see the merits in the current situation CVN finds itself.
Share Consolidation
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $330.6M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.5¢ | $683.0K | 3.642M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 1534815 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 338152 | 6 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
18.8¢ |
Change
-0.005 ( 0.05 %) |
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| Open | High | Low | Volume | ||
| 18.8¢ | 19.0¢ | 18.5¢ | 2404632 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CVN (ASX) Chart |