Hi shreyab
Reasons why they need to do a CR are no doubt correct, but I question the timing of managements decision to do it now. As always, in hindsight, should have been done while SP was above $1. I also have my suspicions/thoughts as to why it is being done now, and also as to why the SP has been driven so low, and by whom?
Notwithstanding the fact that a CR may need to be done soon, I thought they had a $50 mill debt facility for Andash ( which is looking more and more unlikely each passing day ). Surely Jervois can wait a few months. Looks like they're trying to run before they can walk.
Get the first pour out of the way, get a definitive answer on Andash (NOW) and then look at progressing the Aussie projects.
Who is going to be able to participate in the CR? I certainly can't afford to buy anymore, but as a fairly long term investor (or mug), why was I not offered the opportunity to be involved?
Trading should commence this morning, and figures of 60cents are a "bit scary", but I think the CR would have been done at 85cents. Surely they can't do one at a 15% lower price than the last closing price?
All will be revealed soon!
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Last
9.4¢ |
Change
-0.001(1.05%) |
Mkt cap ! $60.92M |
Open | High | Low | Value | Volume |
9.4¢ | 9.4¢ | 9.4¢ | $213 | 2.263K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 47737 | 9.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 99999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 47737 | 0.094 |
1 | 80032 | 0.093 |
2 | 50450 | 0.092 |
2 | 150000 | 0.091 |
4 | 141711 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 99999 | 1 |
0.105 | 4840 | 2 |
0.110 | 40854 | 2 |
0.115 | 5010 | 1 |
0.120 | 242648 | 1 |
Last trade - 15.09pm 14/08/2024 (20 minute delay) ? |
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