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
27.0¢ |
Change
-0.005(1.82%) |
Mkt cap ! $28.47M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 28.5¢ | 26.0¢ | $101.6K | 362.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22400 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 26150 | 1 |
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| Last trade - 15.42pm 17/06/2024 (20 minute delay) ? |
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Last
27.0¢ |
Change
-0.005 ( 1.82 %) |
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| Open | High | Low | Volume | ||
| 27.5¢ | 28.5¢ | 27.0¢ | 46045 | ||
| Last updated 15.42pm 17/06/2024 ? | |||||
| LGM (ASX) Chart |
