ELE 0.00% 0.5¢ elmore ltd

Ann: Trading Halt , page-7

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  1. 3,581 Posts.
    lightbulb Created with Sketch. 599
    "material capital raising"
    i never heard of that term, every company just say capital raising to fund current operations, or just capital raising.
    the fact that they have to go to a trading halt in regard to a material capital raising suggests to me that a new project has come aboard.
    Could it be mine 3? if so why raise cash to secure it and not wait to use the cash from first shipment?... interesting.
    I donno if this is a negative aspect or positive.. going by the trading activity of late, id say its positive.. nsl have gained to 3.9c from 3.5.. no real selling.

 
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