BMN 1.57% $3.14 bannerman energy ltd

its capital raising time!, page-13

  1. 2,795 Posts.
    lightbulb Created with Sketch. 1723
    look at PDN driven down from around 2.60 to 1.35 cap raising announced at 1.20 for around 70 mil - it goes to 1.12 then two weeks later springs back to 1.75 (those 70 mil investors are sitting on 35 - 40% gains inside a month and the coy is now topped up with cash)

    ... there is often negative pressure on SP to show those new investors a lot of upside potential as quickly as possible so SP seems driven down.

    If there is a desire to raise money soon we will see the SP pushed lower IMHO.... or maybe someone just wants to off load a few million shares - interesting that all that down pressure came at a time when things look positive and today they have completely disappeared - this shows some level of someone wanting the price down to me - who could this be I wonder?

    Is anyone trying to make the price less? if so what do they have to gain?

    pretty obvious!
 
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