I think it's clear people wanted in but were hesitant to buy on market as that volume would have been hard to achieve without significantly moving the share price. Deals were done and they bought in via a raise. Not happy with the way it was done but that's mining companies for you and it happens every week somewhere on the ASX. Good to have cash in the bank and def takes a lot of financial risk out of things. Should have been a retail component to support long term retail investors but again we are generally the last to be considered once companies reach a certain size as it's all about looking after "sophisticated investors", brokers, bankers and institutions now. Let's hope timelines are met and production ramp up goes smoothly as that's going to be the biggest mover of the share prices from this point on.
ADT Price at posting:
$3.30 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)