CDR. Is it a shell? Probably a bit. Spin out from BSX. PAC and Westar Capital lead the IPO. PAC don't excite me much but Westar love a good pump for clients. Performance shares for directors/consultants at 40c VWAP gives me a hope it can see 35-45c at some point ....so I grabbed a load of them.
Drilling results due soon which if not liked by the market could see it go below 10c easy, but I like the risk reward given the brokers involved and the names of those on the T20 in the AR. 10m shares were available to holders of BSX, do these need to be flushed out before it can go on a run? Everyone paid 20c and then whatever they could buy on market below that, no seed or vendor shares, only the 35m shares held by BSX.
Are these names involved interested in a quick flip at 22-25c? I'm thinking no, might be wrong. Lets see. I'm hoping for 40c but could exit for 13c. Crazy market.
CDR. Is it a shell? Probably a bit. Spin out from BSX. PAC and...
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Last
2,115.7 |
Change
-9.100(0.43%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 2,124.8 | 2,127.2 | 2,110.6 |
| XEC (ASX) Chart |