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.
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Mkt cap ! $295.1M |
Open | High | Low | Value | Volume |
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13 | 379523 | 0.150 |
19 | 450851 | 0.145 |
3 | 365715 | 0.140 |
4 | 462005 | 0.135 |
Price($) | Vol. | No. |
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0.170 | 1671292 | 16 |
0.175 | 1484028 | 13 |
0.180 | 1219701 | 11 |
0.185 | 932277 | 9 |
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