The worst of this is that in my experience a capital raising before an expected announcement tends to mean the announcement is not going to be good. Holders say things like: "Why raise now, when we could raise in a few weeks after the xxx announcement at a much higher SP." The question answers itself. The board does not expect a much higher SP in the near future.
I will be delighted to be proved wrong but that's my fear.
Ann: Trading Halt, page-74
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Last
5.2¢ |
Change
0.001(1.96%) |
Mkt cap ! $373.3M | |||
| Open | High | Low | Value | Volume |
| 5.1¢ | 5.2¢ | 5.1¢ | $121.3K | 2.372M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 538791 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 822242 | 8 |
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| Last trade - 10.57am 04/07/2024 (20 minute delay) ? |
| IMU (ASX) Chart |