The directors would know that based on the JORC upgrade the share price is likely to run. Its not like this event is a year away, its only a matter of days. In my opinion there is little chance the share price, or Zinc for that matter would have dropped significantly below 24c in the short term. Yes there are always reasons to raise funds, and profiles, but why now, why such a rush. Even if the marked dived for a period I am conficent that the inferred resource of 200+ Mt (my opinion only) would have kept the price above the capital raising level. Certainly would have been worth the risk to minimise the dilution, unless that is exactly what they wanted!!!!!!
DYOR
- Forums
- ASX - By Stock
- did the directors expect a t/o offer
The directors would know that based on the JORC upgrade the...
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IBG (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $5.924M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $10.50K | 3.001M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 23725748 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 7397597 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 23059082 | 0.003 |
19 | 13955034 | 0.002 |
6 | 8299989 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 7397597 | 6 |
0.005 | 4300330 | 8 |
0.006 | 4860777 | 2 |
0.007 | 815300 | 4 |
0.008 | 606448 | 3 |
Last trade - 15.55pm 12/07/2024 (20 minute delay) ? |
Featured News
IBG (ASX) Chart |