Conspiracy theories abound but maybe it is just a very dull market at the moment. Lets see what the next few days/weeks bring us.
Capital raising can be a bit of a catch 22. If they try and raise when the share price is undervalued then I guess it's easier for investors to see a good return for their investment although I would surely be asking why it isn't valued higher and what makes them think it will be any different later on.
On the other hand surely it is easier to raise the same amount of capital with a higher share price because you need less investors to convince and there is less dilution and you can show that the share price is performing.
Dunno.....
GazzaT
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