37.5 million shares at 16c to raise $6M. It was over-subscribed with minimal dilution. Very positive IMO.
Looks like a new floor at 16c moving forward, and that's only if it drops back there. It is possible we break out from here into the 20c range. This is because the market now has to factor in that there are no more capital raises until after the Final Investment Decision. Perhaps one of the reasons we were held back from breaking out in comparison to our silver peers is because this capital raise was planned. Now the shackles are off IMO.
The funds will be used for pre-development activities, further drilling activities and refurbishment of the camp. Activities which allow us to progress and avoid wasting any time. Very happy with the outcomes personally!
Ann: A$6 Million Placement to Advance the Sorby Hills Project, page-2
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $55.84M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.5¢ | $244.2K | 1.215M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 249818 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 80000 | 1 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| BML (ASX) Chart |