ELE 0.00% 0.5¢ elmore ltd

If the market cap was around 6million and they raised 3.2...

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    If the market cap was around 6million and they raised 3.2 million through issue of shares can someone explain how it was only 8.89% dilution? The dilutions always bring the price down to the issue price or less. Happens every time with nsl. You cant just expect to increase the market cap overnight with a stock issue and expect it to stay there
 
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