The stock rise from rights issue of 1.8c to 4c. is more about lack of selling and market confidence that this is actually going to happen.
There were some who were predicting a flood of rights and investors taking short term profit. The outcome has been s/holders buying cheaply and hoping management can deliver a world class asset back into production.
I still think we will be the only Australian tungsten player in production over the next couple of years.
Ann: Mt Carbine Retreatment Plant Refurbishment Update, page-10
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