Call me a tad cynical but overnight I thought deeply and I fear the price rise could be potentially indicative of an impending Capital Raise in next 6-8 weeks. I have seen other companies with a similar pattern - management options are issued @ low SP then in preparation for a CR the SP spikes on no major news. Copper price did not go up 30% yesterday. How hard would it be for the likes of say a Credit Suisse or similar to influence price in a tightly held stock to maximise their % take on the CR they will be running?
Lets hope it is actually the beginning of a take over and not just a cynical cash grab by the current management and consultants that I imagined. If I was right then selling just after CR could be profitable for a buy back at lower levels a month or two later .....risky play though.
I changed my mind - must be a take over....![]()
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Last
45.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $352.4M |
Open | High | Low | Value | Volume |
45.0¢ | 45.5¢ | 45.0¢ | $163.9K | 363.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
52 | 4056386 | 45.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.5¢ | 2743955 | 42 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
52 | 4056386 | 0.450 |
54 | 8814327 | 0.445 |
22 | 2589547 | 0.440 |
7 | 423520 | 0.435 |
8 | 169122 | 0.430 |
Price($) | Vol. | No. |
---|---|---|
0.455 | 2743955 | 42 |
0.460 | 972586 | 22 |
0.465 | 1530058 | 14 |
0.470 | 1115564 | 20 |
0.475 | 55013 | 4 |
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