The CR was always going to happen after the drilling results.
My guess is the company thought the SP would go up shortly after the results and they could then do the CR at a higher price. They underestimated the punters though as many could see a CR coming so sold out as soon as the drilling results were published.
My guess is the CR will be at around 8cents and as long as its big enough to cover at least the next 12 months spend I will try and get back in.
Ann: Trading Halt-FAR.AX, page-25
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50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.0¢ | 50.0¢ | $28.03K | 56.06K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 535 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 119921 | 5 |
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