OLY 0.00% 4.0¢ olympio metals limited

rights issue

  1. 404 Posts.
    7c rights issue - 1 share per ever 2 held...

    Scratching my head a little at this one:

    Positives: OLY can now fully repay the Territory Loan, and adds extra $$$ to keep things up and running for a few more months, will be interesting to see the revenue generated over the next quarter.
    Kiernan must be kicking himself now - more cheap shares on the market, wonder if MK will take up the rights issue???

    Negatives: The independents valued OLY at 20c+, a bit rich of them to come back and push out a rights issue at 7c based on that valuation - obviously they had no alternative so egg on Mangements face at the moment.



 
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Last trade - 11.37am 04/12/2024 (20 minute delay) ?
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