I would expect that the capital raising will flow down to ordinary shareholders like the last one did in which case, it might present a good buying opportunity.
I am crystal balling on the use of the funds, but I am thinking these may be for expansion of their facility at address the growth in the market for Lithium.
I note the GMM w share price is up around 500% since August as they are in the process of developing their Lithium plant.
All will be revealed in the next day or two
ORE Price at posting:
$2.54 Sentiment: Buy Disclosure: Held