floor at 55c...

I am quite pleased with the cap raising undertaken by AZX recently. My entry price is below the raising at 55c and I think this will act as a nice floor for the share price until there is some drilling results.

Anyone else think this will act as a good floor to the price? What are the risks of a massive dump of the shares if this level is broken?

I think the SIs are on the money with this one. It is not often that a capital raising is undertaken at such a minimal discount without some good reason.

Good luck to holders but I think all news is looking positive....

DYOR