Ann: Share Purchase Plan and Application Form, page-20

  1. 2,256 Posts.
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    Yes, presumably Hartleys would be keen to see the SP run a little so they could turn a nice little profit on their pending options. I guess they could recommend CXO as a buy to their clients as well as encouraging the likes of The Next Small Cap to run a new story. The latter alone would produce a spike in the SP. Of course Hartleys are a most reputable firm and would only do whatever was completely ethical, so perhaps they'd do neither of these things. However, if the news updates are good enough then they won't need to do much. The NSC has covered CXO in the past and will likely promote us without prompting if the news warrants it. I assume the Grants resource upgrade won't show much increase in the way of overall estimated tonnage but should confirm a substantially larger proportion in the measured and indicated categories, which should satisfy the Yahua requirements. We would also presume that the PFS will indicate a positive and profitable mining outlook for Grants, so with these two news items combined, as well as substantially more cash at bank, it seems inconceivable that the SP won't rally within the next six weeks. Here's hoping anyway.
 
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Last
24.0¢
Change
0.015(6.67%)
Mkt cap ! $728.2M
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Last trade - 16.10pm 31/07/2026 (20 minute delay) ?
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