Hopefully LRV can follow BEZ placement in todays announcement.
BEZ raised $1,000,000 at a price of 0.09 cents when the last closing price was at 0.032 cents. Almost 300% premium, now you gotta love that. Normally, you get a share price pump first then a CR is done at a massive discount. Yet not this one.
I'm hoping for a premium for the interested overseas investor (a reasonable premium) assuming that LRV was tapped on the shoulder and the new investor want to buy a chunk of the project. Its almost like someone wanting to take over some of your business rather than LRV asking for money to go forward.
I see the ongoing negotiations as positive given the low market cap and LRV still having cash of around 3 million. Lets hope so, its probably about time LRV start to really rise.
Ann: Voluntary Suspension Extension, page-12
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44.0¢ |
Change
0.055(14.3%) |
Mkt cap ! $136.3M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 46.0¢ | 39.0¢ | $3.964M | 9.119M |
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| No. | Vol. | Price($) |
|---|---|---|
| 7 | 113972 | 44.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 12903 | 1 |
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