The negative in the announcement was the small sections (9m being the highest). This makes a good grade even more important due to the lower quantity, in contrast PLS had 40-60m sections with a 1.25% grade. As many have pointed out there is a very high possibility of there being more around than they know but the market reacted with the information it had, hence the dump.
I dont fully understand why big players would want the options not be exercised, sure there would be dilution but they will need to issue a capital raise, be it selling off assets or issuing more shares/options. Why would the latter be more appealing than the former? I am seriously asking.
The negative in the announcement was the small sections (9m...
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Last
17.0¢ |
Change
-0.010(5.56%) |
Mkt cap ! $475.9M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 16.5¢ | $1.608M | 9.399M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 2237794 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 250000 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LRS (ASX) Chart |