Hardly surprising.
Possible reasons
1. Has not a cent in the bank and wants to avoid (yet again) releasing the quarterly on time to hide this.
2. Fraser promised them a "best endeavours" CR to go with the acquisition and is now screwing them down on price. A 2 cent capital raising.
3. If it's a mineral property acquisition - they don't have a geo to write up the right amount of poop for it.
4. Perhaps it's another ill-fated attempt to acquire their JV partner's 40% in Vietnam. Let me guess "terms agreed" but somehow it never happens.
5. Someone's had their hand in the cookie jar and there is a related party issue.
Hardly surprising. Possible reasons 1. Has not a cent in the...
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Mkt cap ! $248.6M | |||
| Open | High | Low | Value | Volume |
| 81.5¢ | 83.5¢ | 79.5¢ | $37.54K | 46.71K |
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| No. | Vol. | Price($) |
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| 3 | 28370 | 79.0¢ |
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| Price($) | Vol. | No. |
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| 81.5¢ | 9964 | 1 |
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