In the pan sell-off like this, everything just moves with the market. (note, as soon as the ASX200 bounce off the low around 1 pm, FFX did the same)
Eventually, good companies with substance and viable business will come back when the market sentiment improved again (cashflows will help and justfiy, either paying dividend or buy back the shares will improve the share price).
And what's really damaging is, if a company to be forced to do CR at a low price (i.e. for the same amount of fund to be raised, you got dilute more with more shares issued if price is low) or being TO, if it's not generating profit soon enough or without strong cash balance through the period - not what I would describe for FFX as both part of business is very profitable and we already raised 100m very recently, but that might be the case, for example, some of the tech stocks or explorers with no potential profits in near future.
Good luck to all!
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