Hi bonkers89, you'll find whenever a stock goes up (And is getting away from buyers) the cap raise issue will be mentioned repeatedly. People will also come on and say things like - 'I'll be buying much lower - look at this chart etc'. It's all about creating doubt in the minds of existing holders and can be quite effective, especially in a volitile market.
Actually we do need a cap raise - it's been discussed since KNL hit 30c. But with the news coming in thick and fast I think any dilution won't slow the SP.
DJ
ok where is the news, page-59
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Last
15.0¢ |
Change
0.010(7.14%) |
Mkt cap ! $68.10M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.5¢ | $14.03K | 96.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 250956 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 80033 | 4 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
14.0¢ |
Change
0.010 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 14.5¢ | 15.0¢ | 14.0¢ | 41896 | ||
| Last updated 15.38pm 15/05/2024 ? | |||||
| EGR (ASX) Chart |