My feeling is a careful placement was planned to a cornerstone, but instead it has turned into a larger down and dirty Euroz public raising hence the extended unusual trading halt 8-(
Was really hoping it would be the share facility being used with stock carefully placed to a cornerstone, so not real happy. Nothing more depressing than a revolting Patersons or Euroz public deal, they never get well placed and the new stock gets manipulated by sponsoring broker from my experience. It will cap the stock price until it gets distributed and that can take many quarters.
Hey, maybe this time is different , lets hope for the best. I do believe there is some insto demand and the resource statement is more confirmation that we are sitting on something. CE1 investigating how to increase its equity stake in Calima suggests some potential CE1 investors think CE1 needs to be more in control before they invest.
No sign it's going to trade today unfortunately.
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