Capital raising plus acquisition generally offers an inflection point for investors and a spike in share price, plus hopefully ongoing increases.
Any sustained increase will depend on the quality of the acquisition, sector, etc as well as whether exploration on the acquisition is imminent or say 6 months down the track. These are all things I will be considering on Wednesday before deciding whether to add to my holding or not.
In any case, this announcement is actually triple - capital raise plus acquisition plus exploration results.
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