In hindsight the timing of the acquisition wasn't good. Some other copper companies like EM2 and SVY also had their share prices slashed due to high interest rates/recession fears/cap raises.
If all the entitlements are taken and if the share price goes down to 4c, the market cap would be $58.2 million (including the new shares issued and the $29 million cash). Good opportunity for new entrants IMO My sentiment is hold at 4c
Ann: $24M Placement and $5 Entitlement Issue, page-53
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