Australia's largest stock trading and investment forum Australia's #1 stock forum

IHL

Click for more information

0.00%

4.1¢ incannex healthcare limited

Ann: Incannex Undertakes A$13 Million Institutional Placement, page-204

First 204 Last

Share
Profile

Follow
tossydog

552 Posts.

620

06/12/22

16:20

Post #: 65179424
Share

Originally posted by amb005: ↑

Yes this might be the case, however that doesnt mean he cant make bad decisions along the way, I think its pretty easy to see that the cash raise was not necessary at this point in time, there are a lot of catalysts that would have lead to higher prices before we needed more funds.

I think blindly saying everything someone does is good is not helpful, notice in your post above your mentioning everything else besides this cap raise, hes has been great with IHL, this decision here with the cap raise and timing of it is horrible decision making imo.

Expand

I did mention the cap raise SIG placement..
Yes everyone can make bad decisions. My point is, this one needs to playout like the others before passing judgement. I'm completely comfortable to give the company time given the outcome of most other business decisions made.

IHL Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

HVN

Harvey Norman may appeal ASIC Federal Court case – the third lawsuit on its plate

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

RBA holds rates as ALP election campaigning kicks off – expect more political focus

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

There are more pages in this discussion • 37 more messages in this thread...

First 204 Last

Add IHL (ASX) to my watchlist