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V, I assumed that was Oz time in the finfeed article.
You may be correct in the your reading of it.
Cheers avi
So they are raising the cash over in oz meanwhile, we will take the hit on the share price? Lol
Lets hope we come out of it relatively unscathed! 16% discount from current price minimum fall back ! Depends how the market sees it, aslong as drilling still on schedule it hopefully will recover next week
Or so
My exlerience is that aim will continue trading, (aim rarely has trading halts for these things) and as for asx trading will happen when company notifies asx. That maybe as late as opening of trade Friday.
Cheers avi
Nope !
It IS badly worded ~~~ nothing new there then !
So am i right in thinking this? They hope to raise it by 4pm aussie time today? And resume trading on aim as normal today having raised?
It doesnt make sense to me how it is worded, sorry for my ignorance!
LG
Avignon : It`s exactly 10.00 pm here .
DW must have his reasons, good or bad, but to wipe $28,000,000aus (16% discount) from market cap in order to raise $3,000,000 does seem a little odd.
That east coast time, perhaps it WA time, I am not knowing
Cbeers
V., it's 2pm here now..
Cheers avi
Cheers avi, guess we will just have to wait till 830am uk
Time to see the effect on the
Sp
"Think it's a done deal"
i`m not sure what you mean .
~~~ " bids were being called for by 4pm on Wednesday."~~~
Are they saying they`ve raised the 3 m ?
If so , presumably they will leave the offer open for the other 1m ?
Think it's a done deal
https://hotcopper.com.au/posts/42510288/single
Cheers avi
So they are giving themselves 2 days tops
To find the 3m?
It hi LG
, "Unless ASX decides otherwise, the securities will remain in trading halt until the
earlier of the commencement of normal trading on Friday, 24 January 2020 or when the announcement is
released to the market."
.Standard wording for trading halt,.... Latest is opening Friday Oz time however Ann can come earlier. Up to company when update released
Cheers Avi
When do we recommence trading then? Friday?
Over on HC.... looks like there after $3 million to strengthen cash balance. A 16.1% discount to help with the HRZ managed by Hartleys. Small dilution and nothing to worry about in my opinion. If memory serves that's about how much they were short on the last CR...
BB32 ~~~ Funny you should point that out .
I only started to focus on XCD last week , but didn`t give it much interest it was ASX listed .
Something in that area might just surprise everyone .
I just hate Half stories !
Regards .
V111JAS,
Totally agree, how about this......
Erik is the key....
https://wcsecure.weblink.com.au/pdf/XCD/02172094.pdf
Also
https://wcsecure.weblink.com.au/pdf/XCD/02194308.pdf
Just musing out aloud ?
It's late and mind thinks very laterally...
BB32
BB32 ~~~ Can`t disagree with any of that !
Fingers crossed :)
After my initial disbelief and disappointment , I`ve been looking at the trading in both ASX and LSE .
Clearly `some` have had wind of what`s going on , but it seems that the SP has been quite robust .
Charlie obviously still on track , so this must surely be associated wit some new enterprise or development .
IF ~ IF they need funds to advance some new project , or more interestingly some joint venture , then this CR could in fact prove to be advantageous for the SP , provided ;
The project is potentially value accretive .
The funds are underwritten .
Any partner is credible ( I exclude RMP!)
There is serious proof of concept .
I`m thinking that / Hoping that the detail tomorrow will be a positive , not just some `Prudent` move to keep the lights on ~ AGAIN !
GL.
Dw needs to be very careful at what price he wants
To raise at imo. Could see alot of people opting straight out once trading re commences
V111JAS,
There in lies the $64m question why?
Exciting journey .
Bit like your football team being relegated twice in a couple of years , getting promoted once, fighting and just failing to get promotion again, football getting better on the verge of play offs, can they do it this year ? Could they then do a Leicester City and win Premiership at 2000/1 ? Next year ....
Let us hope this time it is more exciting than raising the money just in case !
Soon find out ..
BB32
Maybe, but we shall have to wait a little. Oil in situ not budging. :-)) VGLA
BB32 : Great post , but WHY can`t he give us the detail ?
Is it because it involves another Company that is only listed in London , and the detail has to be released for both Compaies at the same time ?
More dilution how is that good for potential share price? :/