CR talk will continue - so may as well have a thread for it. Brokers will be all over them to do one. Would hope if they go for one now (which seems likely) they keep it sensible. Brokers will pressure them to raise as much as the brokers think they can offload (the more they offload the more commission $ to them - brokers don't care about diluting existing shareholders).
$10 to $15 mill now at ~ $1.20 would be sensible - not overly dilutive - and would provide ample working capital for the next leg up and clear away funding/CR talk which often overhangs the price of underfunded explorers with a good discovery.
capital raising soon ???, page-17
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Last
38.5¢ |
Change
-0.005(1.28%) |
Mkt cap ! $67.05M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 40.5¢ | 38.0¢ | $263.2K | 662.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 47664 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 10820 | 3 |
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| Last trade - 15.13pm 29/08/2024 (20 minute delay) ? |
| CNB (ASX) Chart |