You are right that the CRs were timed well in hindsight, but were unpopular at the time.
That is all the more reason to expect that another may come sooner than expected.
MRE upgrade is soon, so it that drives the price higher then doing a cap raise would be in line with what you said about CE getting the most value.How much cash do you think would be left if they wait until the Renard assessment is done, and what do you think would happen to the share price if it turns out be a negative result?
You are right that the CRs were timed well in hindsight, but...
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Mkt cap ! $127.3M | |||
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| No. | Vol. | Price($) |
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| 1 | 5256 | 57.0¢ |
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