Management should not be the slightest bit surprised if this cap raising struggles to get across the line.
Going to market for $32m in one hit & before they have drilled any further with Wirlong or Mallee Bull. This should have been done gradually in tranches. As drill results come in. Once more it displays the poor judgement these guys have when it comes to raising money.
Even our staunchest supporter has trouble defending this action.
Ann: Capital Raising to Progress SCP to Development Decision, page-5
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $63.91M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 11.0¢ | $7.15K | 65.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 41123 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 99999 | 1 |
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| Last trade - 15.33pm 19/08/2024 (20 minute delay) ? |
| PEX (ASX) Chart |