Looks like the pump for the capital raising is about to start...

Looks like the pump for the capital raising is about to start ahead of the quarterly. That 1mln buy order was put in this morning to make the depth look in favour of the bulls. Without that order, the depth is shambles.



Chart-wise there is potential to pump it just below the high which was also last capital raising's price of 5.7c.



The valuation at 5.5c will be about 50mln.

Raising 15% at 3-4c will be about $5mln which is what they need....at least for now.

The actual raising would have to be after the November AGM as I think the current year cap raise facility has been used up, unless it works on financial years.

Anyhow, quarterly will show a steady ship. We won't see the payables until February 2024. So there is an opportunity for it to run a little on misinformation as I previously indicated