I fully expected such a capital raising at below $0.5, the company clearly needed more funds and will certainly be looking to fast track development through to production in order to share in the tin price surge. No delays are possible.
If sp does move below $0.5, I will be buying significantly more shares as it will be a golden opportunity to get into a share that in a few years time could be worth multiple times more if tin prices remain high.
This is an accumulate and hold share for the longer term and should prove extremely rewarding. Just read today in the Financial Times (UK) that Tin and Copper should see positive supply - demand fundumentals for some time.
BR
Max
capital raising
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $43.90M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.8¢ | $10.24K | 567.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 5314960 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 6849717 | 20 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| VMS (ASX) Chart |