If you were Legacy, why wouldn't you wait until:
1. You're getting close to needing the cash - think we're still a little way off as the roughly 2.7M still remaining in the bank only needs to cover Blackrange and Drake for now. That's a lot of drilling and desktop/geophysics.
2. The share-price is much higher (hopefully) post discovery hole. Share scarcity for now will help drive the price up, especially on a positive announcement. They'll then get more bang for buck on a cap raise.
It might be nice for investors wanting to get in or top up, but not great from a company strategy perspective I don't think.
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Last
20.5¢ |
Change
0.015(7.89%) |
Mkt cap ! $21.61M |
Open | High | Low | Value | Volume |
19.0¢ | 20.5¢ | 19.0¢ | $13.73K | 70.17K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 18143 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 17 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 18143 | 0.180 |
1 | 30000 | 0.175 |
1 | 16547 | 0.140 |
1 | 8333 | 0.120 |
1 | 10000 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 17 | 1 |
0.210 | 43196 | 1 |
0.225 | 5000 | 1 |
0.230 | 50000 | 1 |
0.240 | 9000 | 1 |
Last trade - 15.23pm 06/09/2024 (20 minute delay) ? |
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