raising $1b+ will obviously have an effect, I tend to look at a market cap rather than the share price to gauge progress. The scale of future dilution will impact the individual share price. The following will need to happen before ruling out a lower share price:
- project finance method is disclosed and achieved
- project is successfully constructed, mined and processed. On time and on budget.
- invoices are paid in favourable terms
Buying at a higher share price can actually be of better value if a project is de-risks or the company develops the moat.
Ann: Arafura Share Purchase Plan Results, page-48
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Mkt cap ! $450.5M | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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