"Eclipse Metals Ltd (ASX: EPM) (Eclipse Metals or the Company) hereby requests a trading halt in the
Company’s securities in accordance with ASX Listing Rule 17.1 pending an announcement in relation to a
material capital raise."
I find the word "material" in relation to a capital raise interesting. What exactly would be the difference between "just a capital raise" and a material capital raise., With spec stocks a capital raise is one just to keep the company ticking along, often to fund the directors lifestyle. A "material" one indicates some major expenditure is about to happen.
Interesting time ahead for EPM.(and its shareholders.
Ann: Trading Halt, page-3
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Last
0.6¢ |
Change
-0.001(8.33%) |
Mkt cap ! $12.37M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $1.482K | 252.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 7941186 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 521993 | 4 |
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| Last trade - 15.28pm 04/10/2024 (20 minute delay) ? |
| EPM (ASX) Chart |