Hardly surprising.
Possible reasons
1. Has not a cent in the bank and wants to avoid (yet again) releasing the quarterly on time to hide this.
2. Fraser promised them a "best endeavours" CR to go with the acquisition and is now screwing them down on price. A 2 cent capital raising.
3. If it's a mineral property acquisition - they don't have a geo to write up the right amount of poop for it.
4. Perhaps it's another ill-fated attempt to acquire their JV partner's 40% in Vietnam. Let me guess "terms agreed" but somehow it never happens.
5. Someone's had their hand in the cookie jar and there is a related party issue.
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Open | High | Low | Value | Volume |
$1.15 | $1.16 | $1.09 | $45.66K | 40.35K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500 | $1.09 |
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Price($) | Vol. | No. |
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$1.18 | 5000 | 1 |
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1 | 15000 | 1.050 |
2 | 3112 | 1.000 |
1 | 2450 | 0.990 |
1 | 1021 | 0.980 |
Price($) | Vol. | No. |
---|---|---|
1.180 | 5000 | 1 |
1.185 | 2800 | 1 |
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1.260 | 8000 | 1 |
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