I doubt it will dip much at all
Many punters had to chase stock up to 10/11 to get set in the recent run
The raising is small enough and is going to fund aggressive exploration. If they had offered it to shareholders via a SPP or Rights Issue you are talking at least 1-2 months before receiving funds, which means the stopping of drilling and the stock going down - this was the smartest and quickest way for them to get funds and kick on. Why stop drilling when it is hot ?
Some lemmings might have a tantrum and sell, but I'll happily soak. The options were very fairly priced (20c) and they raised the minimum to get the job done. Sound management IMO
Ann: $1.6m Secured to Escalate High Impact Exploration, page-4
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Last
4.0¢ |
Change
0.001(2.56%) |
Mkt cap ! $106.9M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.0¢ | 3.9¢ | $285.1K | 7.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 15541910 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 2631083 | 8 |
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| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| SGQ (ASX) Chart |