IG6 0.00% 8.8¢ international graphite limited

Ann: Successful $3M Placement & launch of SPP Offer, page-12

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    That is standard for capital raisings. The price very typically drops to around the raising price, generally people sell their shares to fund purchases of more shares at a lower price via the raising.

    Also, new buyers are less prepared to buy above the raising price knowing the above.
 
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