absolutely and utterly spot on!
couldn’t have said it better myself and those questions are all relevant.
people on hot copper raving on about how good the cap raise was and the markets reaction just show the ASX are full of sheep.
effectively directors have just tripled their money with the free options in the money and the price being double the CR raise.
Anyone who bought this near IPO or over 10-20c level based on what the management have said previously would be spewing about this raise.
People on hotcopper saying it shows their commitment … um if I could get a raise at 7c with free options at 7c that would be an absolute dream lol shows 0 commitment if they didn’t raise the options expiry to 20-25c and shows 0 commitment they didn’t raise at a premium if they’re so bullish.
absolutely and utterly spot on! couldn’t have said it better...
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Last
13.5¢ |
Change
0.030(28.6%) |
Mkt cap ! $17.12M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 14.5¢ | 11.5¢ | $380.2K | 2.966M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 19372 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 102845 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ILA (ASX) Chart |