Good morning Fisher.
FWIW I’m still going on the news that ‘rationaled’ the 40c placement three months back :
[7/11/23: $25 million Institutional Placement to Accelerate High- Grade Growth Strategy]
… In the immediate lead up , the price was having a ‘zoomie’, and all seemed set for even better when that VUP (very unexpected placement) was announced .
And clear targets to justify the VUP were given .
I think in the 16/11/23 ‘trading halt’ thread (or somewhere at the time)
https://hotcopper.com.au/threads/ann-trading-halt.7702501/ there was some talk from some of the more knowledgeable here about the sudden issue of extra ‘room’ had been made for someone ‘late to the party’ of eager (N American?) funders who had stumped up after Simon’s Beaver Creek Gold Summit presentation had been ‘well received’ and seen the initial 40c level funding arrive.
But those strategies may have become outmoded after the last sets of results?
cheers
(20min delay)