It's easier to raise money when you have discovered something and your share price is 3x what it is when your exploring.
Just think about the calculation, share price x number of shares = funds raised. The higher your share price the less you have to dilute the shareholding and everyone is happy.
Hence why every small cap does a raising after a share price run.
They must be looking to acquire acerage somewhere would be the read through I would suggest but who knows.
expected to end prior, page-21
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Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 50.5¢ | $2.525K | 5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13568 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 345490 | 5 |
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| Last trade - 10.02am 01/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |