I was say yes. But I would also consider CYL may also be bought out.
Why would mgmt do a private placement in the mid 70's when it probably could have raised at $1.00?
I can only think of 2 reasons
1) Have a friendly blocking holding 14.5%
2) Keep the stock less liquid.
And I think that will mean a raider will need to pay large for this gem.
Its fantastic if you are an existing CYL holder, but makes it really hard to add more.
CYL/NML, are looking fabulous in my eyes. CYL is fully funded to swish cheese that complete belt and NML is free carried. NML is not liked by the market. I will add more before the heard comes.
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Last
$2.62 |
Change
-0.070(2.60%) |
Mkt cap ! $598.3M | |||
| Open | High | Low | Value | Volume |
| $2.71 | $2.74 | $2.50 | $3.360M | 1.290M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12552 | $2.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.64 | 9447 | 3 |
View Market Depth
| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| CYL (ASX) Chart |
