BUR 1.43% 6.9¢ burley minerals ltd

After removing the trading halt the buys were up to 0.8c but...

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  1. 625 Posts.
    After removing the trading halt the buys were up to 0.8c but before the shares were opened for trading they released the corporate update which stated they would be doing a large post consolidation raising @ 2.0c = pre-consolidation 0.4c. This almost immediately dropped the SP to 0.4c & destroyed any chance of the post consolidation (@ 2.0c) being at a discount. I cannot fathom what their motive was.
 
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