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I believe a great many retail investors may have taken advantage...

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franzhusion

285 Posts.

34

26/04/21

11:47

Post #: 52720260
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Originally posted by bedger: ↑

A doubling of shareholding at these prices a very nice result. I can see why companies get frustrated by doing retail share offerings. They quickly knock out a capital raising with Insto's and know what they are getting. Can be done swiftly and they can move on. 14% take up is a rubbish reflection on retail shareholders, particularly when a clear discount in closing stages - I am grateful, more shares for moi.

I did a similar thing in ORE last year. Bought in at $2.60 or something and sold out at over $6 recently. This was an opportunity gone begging for many retail shareholders. Whilst Lithium miners have gone a bit silly off the charts on EV demand, Nickel has yet to see the same exuberance, but inevitably will as the mass of retail sentiment wakes up.

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I believe a great many retail investors may have taken advantage of the SP drop after CR Ann. and bought at a lower price on market as I myself had done .$2.06 to be exact, Explained this to the nice lady who polled me to ask if I would be taking up my offer...happens in most CR'S I have had hoisted on me.

WSA Price at posting: $2.25 Sentiment: Hold Disclosure: Held
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