CDB condor blanco mines limited

thoughts on the 11th june, page-4

  1. 5,331 Posts.
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    sp travelling sideways past couple of weeks as expected

    Tuesday should see approval of up to 40m additional placement capacity based on average closing price for 5 days before conversion at no less than 80% of average

    sp has closed at low of 2.4c past couple of sessions - maybe today/Tuesday/Wednesday for balance of calculation

    1.9c/2c issue price if sp holds here until mid next week, up to $800k funding depending on whether issues are staggered or not

    better for holders if they're issued in one hit so there's no incentive to push sp lower for next round

    announcement second half of next week?
 
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