Why the capital raising now and why the discount? Weak management sending the wrong signal. Call me an optimist but I think the use of some of the $4.7 million already in the kitty could have been spent on successful drilling to get the share price higher - then do the cap raise.
It is what it is I suppose so I urge management to get on with the "aggressive" drill out at Southern Lights and while you're at it deliver the Silver Ray PFS without further delay!
Ann: $6m Share Placement to Accelerate Southern Nights Drilling, page-12
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $72.63M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.5¢ | $9.32K | 74.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13445 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 42000 | 1 |
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| Last trade - 10.54am 19/07/2024 (20 minute delay) ? |
| PEX (ASX) Chart |