LLI 6.25% 15.0¢ loyal lithium limited

Ann: Loyal Lithium Raises $3.3M at 73% Premium to Market, page-6

  1. 1,408 Posts.
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    You've got to be kidding. Sure, most raises create some selling pressure. But flow-through raises are heaps better than a typical CR.

    There would be heaps more selling pressure if they raised $3.3m at say a 15% discount.

    Instead of issuing over 15m shares to raise $3.3, they only issued 7m new shares. That's a lot less selling pressure.

    Not only that, the block trade of those shares was at 23c - no discount to current price - so little incentive to sell until the SP is higher.

    These flow-through raises are awesome, makes Canadian lithium attractive investments.
    Last edited by reon1: 17/05/24
 
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