100 million shares placement at 5-7cps to instos, I reckon Wasa. Hartleys/ME will be monitoring today.
I can?t see retail holders getting a bite , instos taking it up a good sign also. Shares will be diluted to a min.
If I was waiting to top up on the assumption that the SP will fall to the SP placement, you would be horribly wrong.
Look at MNC, had a successful instos placement at 20cps. TH lifted today and it went to 27cps. Not ramping just an example.
My hats off to ME. He talks about a CR and puts a figure down! Mentions the drilling cost at 5 million. Not greedy and a straight talker.
IMO more positive news to come and the jigsaw will come together further. Next part will be risk limitation.
DYOR
it's out, page-34
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Last
48.5¢ |
Change
-0.015(3.00%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 52.0¢ | 48.5¢ | $101.7K | 200.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 42044 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 15006 | 4 |
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| Last trade - 13.33pm 04/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |