AKO 0.00% 14.0¢ akora resources limited

This has the potential to be the second botched raise from the...

  1. 2,433 Posts.
    lightbulb Created with Sketch. 1637
    This has the potential to be the second botched raise from the two raises since IPO.

    The last botched raise was due to running and was made when only 50% of the maiden resource had been announced, and then the rest of the maiden resource was announced about 10 days later.

    At least the last raise was done at $0.32c - which felt like a significant 20% discount at the time.

    A 100% strike rate for mistimed raises resulting in excess dilution will have me strongly reconsidering my position.

    @BSquire I don't need to top up, I've got exposure to 1.6m shares FML
    Last edited by thecrabpest: 27/04/23
 
watchlist Created with Sketch. Add AKO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.