No leaks in relation to the capital raise, which is unusual. Its likely to be a very important announcement as the level of the raise will telegraph and speak volumes for the long term trajectory of this stock. Options are:
1. AUE has found areas outside the current license that are highly prospective, and have agreed to purchase these from XYZ (I consider this to be likely);
2. General and ongoing working capital to drill more and faster (I consider this to be likely);
3. Early setup of a plant (unlikely).
Ann: Trading Halt, page-4
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Last
33.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.89M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 35.0¢ | 32.8¢ | $184.0K | 553.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 148348 | 1 |
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| Last trade - 15.35pm 16/08/2024 (20 minute delay) ? |
| AUE (ASX) Chart |