CVI 0.00% 0.3¢ cvi energy corporation limited

rights issue

  1. 5,079 Posts.
    CVI will need to raise money fairly soon, so how will this be done, rights issue has been mentioned,

    but I don't think they can raise more without going back to shareholders, if I worked it out right, they can only do so many in 12 months before they have to go back to shareholders.

    now if they call an EGM with todays sp and no signed deals in hand, can you imagine what would happen.

    He has mentioned refinery is close, so I am tipping that will be fairly soon, which should boost sp, with a little help from our good friends, who will most likely underwrite it.

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