Based on your maths of a 100% pump and then a 25% discount they have set a new floor 75% above the old SP. Maths was never my strong suit but I’m pretty sure thats a good thing for people already investing.
I would also like to point out that to further a project like you are saying they need to does require some sort of funds to pay for drilling, geos, wtc so I don’t see how they were going to do what you were asking without a cap raise.
Should they have done the cap raise before the released the ann’s with good news or should they not have done a CR at all and not had the funds to pay for drilling, etc?
Ann: Errawarra - Heavily Oversubscribed Placement Closed Early, page-18
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Last
8.1¢ |
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Mkt cap ! $7.77M | |||
| Open | High | Low | Value | Volume |
| 8.5¢ | 8.6¢ | 7.6¢ | $80.66K | 996.8K |
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| No. | Vol. | Price($) |
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| 1 | 12358 | 8.1¢ |
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| Last trade - 15.59pm 14/06/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
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| Last updated 15.23pm 14/06/2024 ? | |||||
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