why does everyone assume sophisticated investors want to dump a company on day one… when they have taken up the raise at a very small discount to market price at the time in a terribly market! They clearly think that much higher prices lie ahead or else the risk reward on the cap raise looks pretty poor for the investors.
Ann: Drilling Intersects Extensive Mineralisation at Callisto, page-6
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Mkt cap ! $40.51M | |||
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