CJO 0.00% 13.0¢ cerro resources nl

Looks like the SPP plan is going to raise a couple of million...

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    Looks like the SPP plan is going to raise a couple of million dollars, so a fair bit undersubscribed , not really too much of a suprise in this market.
    But interestingly ,any shareholder could now sell a portion of existing stock and lock in a small profit for their troubles.
    It seems to be the case that the sp always remains above the issue price for CJO.
    Also, take a look at the depth on the sell side, amazing it has just melted away, almost as if the larger shareholders did not want too much dilution.
    There is a multitude of offers and alternatives that now face the company, make no mistake , there are good financing offers out there, as well as offers of a more corporate nature, things will start to hot up now, just a matter of time.
 
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Currently unlisted public company.

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