Have to say that I dont agree.
5c is not exactly a big discount on the price over the past 18 months.
Also - the statement said they received strong support from new Institutional investors.
Just as long as they put the cash to good use - and they are rolling out nicely now across Asia, then this should prove to be a good move for improving the companies scope over the next few years.
5c should now be a nice base. If they can maintain current momentum then they could push up to 10c over the next year and thats fine with me.
But I actually think they'll be more like 20c in a year from now.
- Forums
- ASX - By Stock
- STL
- diluted capital raising for small holders
diluted capital raising for small holders, page-11
-
-
- There are more pages in this discussion • 5 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 STL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online