So now we have ~50% more shares on issue then pre-capital raise,...

  1. 208 Posts.
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    So now we have ~50% more shares on issue then pre-capital raise, what does that mean for prices?

    Our recent high of 8.6c would now be 5.7c (8.6c ÷ 150%).
    Our recent low of 3.2c would now be 2.1c (3.2c ÷ 150%).
    Assuming Malachite is a dud, I think we might head down to 2.1c over the Canadian winter, and then start to bounce back up as assays start to become due in May 25.
    As we just issued a gazillion shares for this raise at ~5.4c, I'm going to suggest that this will be a significant wall of resistance. This 5.4c issue price is also pretty close to the abovementioned 5.7c, so let's just say they're same same.
    Imagine buying at 5.4c in Oct 24 and then spending the next 3 months in the dumps. ufffffa

    I'm going to target a big buy in Jan 25 ~ 2c to try average down, and then I'm going to dump an even bigger sell into ~5.5c in May when assay results are approaching.

    The below chart is what I'm thinking.
    Let me know if anyone has any other thoughts as I'm happy to have a debate on this.
    As always, best of luck and DYOR!

    https://hotcopper.com.au/data/attachments/6618/6618987-a073819dfc4903be9879a7ef4d7b364f.jpg


    https://hotcopper.com.au/data/attachments/6618/6618926-308f4eed1a322fbef5204c2743b597b5.jpg

 
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