This Logic only works in some instances though and wouldnt work in their most modern CR history. It better tto maximise wealth through progression not through dilution. The logic you are spruiking fails with the last CR where 5m was raised as its 30% below where it was raised at todays levels.
You can only flog a dead horse a few times you cannot keep rinsing and repeating once the market catches on. So where does that leave them now?
ARVMining, page-109
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Mkt cap ! $25.36M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.5¢ | $86.02K | 5.743M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 4433145 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 420432 | 1 |
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| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
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| Open | High | Low | Volume | ||
| 1.5¢ | 1.5¢ | 1.4¢ | 2953403 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| ARV (ASX) Chart |