Have just watched two similar capital raisings on the back of next step type events for junior miners. In both cases the CR was oversubscribed. In both cases the SP is now (a month later) significantly below CR.
One CR13.5 now 8.8 the othe CR at 19.5 now 14.5 both CR's were at similar discounts regarding WAP before CR to that of CAY.
Will be interesting to see if the same plays out with CAY
Regards DHC
CAY Price at posting:
24.5¢ Sentiment: Sell Disclosure: Not Held
