CUE needs to announce how much they are making per barrel in the current market then only i m sure it will attract sufficient attention and sp should rise together with that.
CUE needs to announce how much they are making per barrel in the current market then only i m sure it will attract sufficient attention and sp should rise together with that.
disc hold abit of CUE
If they follow the experience of the Tui consortium they won't say how much they are getting for some time. A "new crude" and price has to be established in a "competitive" environment.
15c. Wow, what an offer. Cue hasnt traded above 15c on a regular basis since last year and they want existing share holders to pay 15c for the privilege of diluting the company by 20%.
Are they taking the piss?
They probably figure that they will get as much as they need by Todds and Sing Pet taking up their entitlements. A decent shortfall will increase said major holders' overall interests.
Most companies that have raised cash have rocketed post spp.
There has been a bit of uncertainty around CUE's cash position...I thought they would have made it through! However, this is positive and the high price of the issue means there will be a lot of ramping coming up and the chance for maybe someone to take significant stake without raising the shareprice so much.
I've already got a few for my liking so I'll see how the price goes before I throw any more in!
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Originally Posted by geezy
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