100%
An SPP right now would be death by a thousand cuts. Never a good idea because it just acts as a handbrake on the SP.
Better to run the CR, complete it and move on quickly.
I don't think I've previously seen any Li explorers run a CR with only a single day TH. I'm pretty sure other companies always run a 2 day process.
The fact we ran it in one day, closed the book in 5 hours (on Friday) and are already up and trading again on Monday speaks to the very strong soph and insto demand at these price levels.
CR was for $30m with a potential for $5m increase and there was sufficient interest for that $5m increase to be triggered.
Ann: Latin completes A$35M Capital Raising, page-21
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $405.9M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.3¢ | 14.3¢ | $898.0K | 6.090M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 134201 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 600339 | 12 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| LRS (ASX) Chart |