Share price will retrace (typically happens post cap raises) to around the capital raise price (this is the opportunity for those not entitled to take a stake) then price will start to go up over coming weeks pending drilling...UNLESS company releases a duel announcement of capital raise details AND a drill program at the same time...this will prevent share price from dropping as any slack in the line will be bought up and it will be game on.
All depends how clever our PR team are.
ASN Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
