The worst of this is that in my experience a capital raising before an expected announcement tends to mean the announcement is not going to be good. Holders say things like: "Why raise now, when we could raise in a few weeks after the xxx announcement at a much higher SP." The question answers itself. The board does not expect a much higher SP in the near future.
I will be delighted to be proved wrong but that's my fear.
Ann: Trading Halt, page-74
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Last
5.8¢ |
Change
-0.001(1.69%) |
Mkt cap ! $431.8M | |||
| Open | High | Low | Value | Volume |
| 5.9¢ | 5.9¢ | 5.7¢ | $276.9K | 4.770M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 2027679 | 5.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 70008 | 5 |
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| Last trade - 10.37am 21/06/2024 (20 minute delay) ? |
| IMU (ASX) Chart |