If the BFS is positive as expected, can anyone tell me how AIM is going to raise the millions of dollars?
With all the info. that has been released you'd expect the market to be pricing in right now a positive BFS.
I've thought a bit about this and with a market cap of just around $30 million does it look like a daunting task to raise all those millions? Issuing 200 million shares just raises $11 million.
The market could also start to anticipate bBase metal prices coming off on the prospects of lower growth following Katrina. Could the US be heading for a recession?
In the meantime the market is not interested in AIM and AIM's chart has turned around and is starting to look a little dodgy.
Now 5.7c seller and buyung side looks thin.
** huge capital raising?
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Last
78.5¢ |
Change
-0.020(2.48%) |
Mkt cap ! $163.9M | |||
| Open | High | Low | Value | Volume |
| 80.5¢ | 81.5¢ | 77.5¢ | $331.9K | 417.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | 77.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 16977 | 1 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| AIM (ASX) Chart |