So they've "accidentally" had the raise lined up twice now on price sensitive announcement days? Pretty crazy odds considering I've only seen it three times, twice being with VMM. Placements are done because they can be done swiftly, they don't need to be discussed multiple weeks in advance. Also drill result anns on an existing discovery are one thing, but company making bulk metallurgical testing?
And to answer your question, I would've reacted just as badly. Look at the WC8 placement as a guide of a good raise. I don't rate the stock, but raised 100mil at 0.76 while SP was 0.86 and very close to ATH.
So they've "accidentally" had the raise lined up twice now on...
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Last
$1.58 |
Change
-0.030(1.86%) |
Mkt cap ! $100.7M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.60 | $1.55 | $424.0K | 270.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3183 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 958 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.60 |
Change
-0.030 ( 1.34 %) |
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| Open | High | Low | Volume | ||
| $1.56 | $1.60 | $1.55 | 38741 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| VMM (ASX) Chart |