Yesterday the share price was 5c. Someone could have bought all they wanted during the past few weeks at less than the supposed cap raise price of 8c. A cap raise wouldn't have been organised in a morning, it would have taken a couple of weeks. So...
Why would someone agree to pay such a premium for the stock which they could have bought more cheaply on market?
How could it possibly be related to the FMG drilling results at Vulcan unless there was inside information being leaked. It would be pretty suspicious and stupid at the same time. I mean if you knew the results were good, you'd just buy all the shares and options you could on market. It doesn't make any sense to me. Admittedly it might take a while to get 60m shares, some patience would be required.
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.026M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2843701 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 4898970 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2843701 | 0.004 |
4 | 4949329 | 0.003 |
9 | 24500333 | 0.002 |
4 | 35300000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 4898970 | 8 |
0.006 | 1714702 | 5 |
0.007 | 1478571 | 2 |
0.013 | 94000 | 1 |
0.026 | 1090000 | 1 |
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