I was in/am in another org that I dont talk about where they did a cap raise and the SP stayed far higher than the cap raise. Yes, a bunch of people got cheap shares but the market instantly saw what the additional funds will achieve.
However the messaging that came out was the key. The CR had details of the drill plan and work log ahead. It wasnt just a tick and flick "we need the money" email. I am hoping for the same
Ann: Trading Halt, page-28
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Last
1.7¢ |
Change
-0.002(10.5%) |
Mkt cap ! $7.842M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.9¢ | 1.6¢ | $108.2K | 6.447M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 456999 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 400000 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CAZ (ASX) Chart |