Centram's warrants expired last week, and their shares were up 30% in Canada on Friday before closing up 12%. I believe that makes their cap equiv c.A$32m. The warrants should raise about C$9m if fully exercised. Subtracting that from it's cap gives a cap a bit more than Crossland at the moment.
Given that Centram's business is entirely JV'd with Crossland, that $9m cash will be used to Crossland's benefit as well. I don't think the market understands this yet.
Centram's warrants expired last week, and their shares were up...
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.879M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $1.746K | 218.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 5061770 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 313395 | 3 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| ENV (ASX) Chart |