Certainly expect some selling pressure next week when the new shares hit the market.
The extent of the sell down will be influenced by the price of copper and also the results of the raise. If copper stays above $4 and the raise is judged a success, we may not see too much of a dip.
Nice to see people still bidding over 7c now that the entitlement offer has closed. It seems they weren't just fake bids entered to manipulate the market and make the raise price appear more attractive.
EM2 Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held
