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.
If you were Legacy, why wouldn't you wait until:1. You're...
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Last
24.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.30M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 24.0¢ | 21.0¢ | $9.559K | 42.61K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 1188 | 1 |
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| Last trade - 11.36am 18/10/2024 (20 minute delay) ? |
| LGM (ASX) Chart |