I think last week's annc on the $2.5M placement (tranche 1) and next month's launch of $12M SPP (tranche 2) at 12c will have minimal impact on keeping a lid on current price for the following reasons:
based on this week's volume had the holders of tranche 1 decided to sell out this week for a short-sighted stag profit, this would have probably have been chewed up by end of this week based on record turnover
tranche 2 if you read between the lines is actually capped at $5K per entity (not sure how they intend to do this though as you need 2400 unique shareholders to raise $12M). So how much can one gain by "dumping" their new placement with a MARGINAL position size of $5K?
There is only upside here ...
- Forums
- ASX - By Stock
- QOL
- first ore fed to wolfram camp treatment plant
QOL
queensland ores limited
first ore fed to wolfram camp treatment plant, page-11
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)