AW1 13.6% 12.5¢ american west metals limited

Ann: American West Announces Capital Raise, page-3

  1. 10,332 Posts.
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    So now they raise approx $5 mill which will keep them going for another 2 Qs of development at Storm and Utah - I expect considerable advancement in that time.
    Downside is the minimal involvement available to ordinary shareholders. Strong companies have strong shareholder support - weak companies allow themselves to be manipulated by the broker set. In this case the lead manager gets total 6% fee on a placement and rights at a price way below asset value, and because Rights are Non-Renouncable will pick up any shortfall.

    ASIC should investigate price action and downrampers in anticipation of raises like this, it is so easy to have price manipulation. One day they will !!

    I will participate in the Right Issue.
 
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Last
12.5¢
Change
0.015(13.6%)
Mkt cap ! $62.12M
Open High Low Value Volume
11.0¢ 12.5¢ 11.0¢ $238.2K 1.969M

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No. Vol. Price($)
9 538400 11.5¢
 

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Price($) Vol. No.
12.5¢ 267410 1
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Last trade - 14.46pm 23/07/2024 (20 minute delay) ?
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