Is the cap raising a foregone conclusion? If there is a raising, I expect the share price to get pumped to get the best possible price for the placement. Unfortunately a few short-term investors, chartists and daytraders will get drawn in, before the placement is announced.
No pump is in operation at the moment that I can discern which could be due to:
1. There really is no intention to raise capital; or
2. The company is waiting for global markets to calm down; any raising is going to be disastrous in current climate.
So which is it?
If the share price does go up for an unexplained reason, I for one will have a bitter-sweet sentiment.
Add to My Watchlist
What is My Watchlist?