So... we have a cap raise imminent.
Time to play nearest the pin.
I'll kick-off with $1m in con notes with a flexible draw-down.
CT1 needs to reassure the market they're a going concern. $1m would send a good signal. With the restructure in place, this would give the company a reasonable runway and buys more time for the Board. A flexible con note structure means they can elect not to draw-down the full amount if they decide to progress an acquisition and separate (much bigger) cap raise.
They need to act very soon, so I reckon an announcement next week.
I wouldn't be surprised to see FGF participate given they have flagged CT1 as 'highly strategic'.
Anyone else?
Nearest the pin...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CT1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.474M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $9.104K | 4.552M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 23995490 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 222518 | 2 |
View Market Depth
| Last trade - 12.55pm 22/11/2024 (20 minute delay) ? |
| CT1 (ASX) Chart |
