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
-
- There are more pages in this discussion • 54 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
48.0¢ |
Change
0.010(2.13%) |
Mkt cap ! $44.35M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 48.0¢ | 48.0¢ | $75.16K | 156.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 54997 | 2 |
View Market Depth
| Last trade - 11.48am 30/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |