Ann: Quarterly Activities Report and Appendix 4C, page-243

I have an investment in Mithril, MTH.
Just after I first invested at 16-17c in September last year, Bank of Nova Skotia began buying on market following a high grade intercept. The sp rocketed up to 80c in around two weeks, mostly through their buying I believe because their last change in substantial holder notice showed buying at that 80c level but no doubt traders were jumping in for the ride as well. The sp gradually fell back to 40c after the insto stopped buying but it's clear what that investor believes the company is worth and the lower sp reflects selling by short term traders that got caught up in the rally rather than the long term value on offer.
A bit like Minbos's sp currently being affected by the cr and option related sellers as well as a few others selling into the sliding sp as that fuels their thoughts on their risk assessment of the project.
When a sp is rising, most investors look for reasons why it's rising and the rising sp reinforces those reasons why they bought. Risk goes to the back of the mind. When a sp is falling the opposite happens with the train of thought.
Back to why a company might want to attract investors, it's not just about near term capital raisings. Just like with Mithril, attracting a larger investor can do amazing things for the sp when those investors buy on market. In Mithril's case, the company took advantage of the big sp rally and raised a large sum at 50c in a capital raising which included both an existing insto, Jupitor and the Bank of Nova Skotia. They raised the cash to fund a much larger exploration program than what was planned prior to the sp rally and already had enough cash for.
If Minbos can attract institutional investors to buy on market, the sp strength could allow the company to raise further funds at a later stage at a much higher sp as Pedini mentioned, perhaps for the green ammonia project.