CPV have approx $13.5 million worth of unlisted options exercisable at 25c.
Approx $500k were exercised in recent weeks as per the quarterly report. This money went straight into their working account.
The options are well in the money and will supply funds, outside of any contracts, for the next year or more easily.
They have a very good cash position and if a CR was ever requested from the market within 2 years I anticipate it would be well received.
The chances of a Capital Raising I find are very low in the medium term because of the options.
Ann: Quarterly Activities Report & Appendix 4C, page-14
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Last
24.0¢ |
Change
-0.015(5.88%) |
Mkt cap ! $98.52M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 26.0¢ | 24.0¢ | $120.7K | 488.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 45490 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 6578 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CPV (ASX) Chart |
