Wonder if someone can give some insight as to how share prices behave post capital raising.
LKE raised A$20m this week at 0.07c per share. The share started trading yesterday and currently it is trading at 0.105c which is 50% higher than the capital raise price. Also the reason for the capital raise is to pay mengement salaries for the next while.
Why does GLN then trade at a significant discount after the capital raise price and various other like WR1 etc? Do these other companies not have cornerstone investors or what?
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $61.71M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.0¢ | $148.1K | 1.187M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 736387 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 315150 | 8 |
View Market Depth
| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| GLN (ASX) Chart |