Looking through CQT's last announcement ie. $22m share placement this was announced on 1 November (organised by Azure, Macquarie etc.). Let's assume this process takes approximately 1-2 months to complete ie. IM's to write, circulate to the broker's clients etc and they would have known their share allocation 2 weeks prior. Looking at CQT's share price at 1 September (let's say the process kicked off then) the share price was $0.80c per share. Then known and behold the share price fell to $0.61 by 20th October (probably when the allocation was made). By 1st November it was back to $0.80 per share.
Now I'm saying this definately happened - but coincidences do happen when brokers are involved in junior mining companies. Personally I would not want them involved in a any future raisings and management should certainly be notified of strange share price movements where they are making a raising via a share placement through brokers.
CQT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
