I cannot see this the work of new investors to push price beyond the options exercise price - you know exactly you'll be getting in a weeks time if you are not part of the raising.
So..any speculations as to why? Here's my conspiracy theory - Cygnet doesn't want to underwrite extra shares but want their fees, so pump the price a bit to instill confidence for others to take up their offer, as long as the cost of pumping is lower than their fees, all good.
- Forums
- ASX - By Stock
- AUL
- 50 metre thick coal
50 metre thick coal , page-17
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online