On the surface it is because it indicates investor belief about whether the prospect can deliver the goods. But at the end of the day what’s in the drill core determines that. I’ve seen plenty of raises etc that have been oversubscribed and delivered dust. I’m happy to expand my punt here and see what happens.
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1 | 45000 | 0.068 |
1 | 29850 | 0.067 |
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Price($) | Vol. | No. |
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0.077 | 1980 | 1 |
0.079 | 25500 | 1 |
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