MXC did a 6.5c ´sophisticated traders' capital raising LESS THAN A WEEK ago when it was trading at 8.9c(from as high as 12c) .... there was a lot of talk that the share price will drop down to/near the issue price. Since then the price has fallen to trade under 7c (currently 7c bid now) ... so pretty close to the predictions in my mind! (especially since we might not be done with share price drop yet!)
Seems pretty similar to CPH share price run up if you X 10...I wonder if CR price will be around 65c? I think CPH might have left this trading halt a little longer if the market reacted better to yesterdays announce?
Seems like a pattern is emerging with all these MM stocks with the companies taking advantage of the share price run ups (with a little push from them via well worded announcements of course!)
ALL IMO of course!
NEXTIME.
MXC did a 6.5c ´sophisticated traders' capital raising LESS THAN...
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