Wonder what effect the allocation of shares from the capital raising will have on the current share price? Shares are currently trading at a 19.5c, which is 50% premium to the raising price of 13c. No doubt some will take immediate profit or partial profits to reduce risk. However, I was very interested to see the share price run up to 20c over the last week, considering we were so close to allocation and quotation of shares from SPP and likely retreat of the share price in the short term. I wonder if the buying is linked with the current drill program and positive indications from that ....... or is it linked to the current drill program and just investors FOMO?? I wonder if there will be an announcement related to the current Lake Roe drilling that will coincide with quotation of the new shares ..... that could keep the share price up?
So many questions but all will be revealed in good time .......
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