Okay, i confess. I predicted theplacement would be at above market but actually it was at market.
By my simple calculation, 180 million shares at 1.1 cents roughly translates to almost $2 million into the bank. This buys a lot.
And then Mr Chinalco pops up with a substantial shareholder notice of 8%.
Congratulations to the board on hooking the big one.
For shareholders, the future just became a lot rosier.
Capital Raise speculation Icg, page-209
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Change
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Mkt cap ! $4.052M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 800000 | 0.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 2571585 | 3 |
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