CBH 0.00% 7.0¢ coolabah metals limited

Ann: CBH Recapitalisation Initiatives , page-11

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  1. 2,328 Posts.
    lightbulb Created with Sketch. 10
    I think record date meant you had to have bought last Friday (but DYOR), I'll be on the lookout for sub 10's on market.

    Concerns over lack of guidance on how much to be raised is justified, IMO it indicates the company will take what it can, the SPP is too high, if they really need cash an insto placement will be done later at a lower level (like 8c). Only good thing is that you had to be an existing holder to be in, which makes anything sub 10 attractive.

    But good luck to all current holders, 8 - 9 cents will get me in, on the watchlist.

    ST Sell down to 10.5c, accumulate below 9 (low risk strategy)
 
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