Don,t sweat a cap raising even if it is at a discount.There was no sign of any major selling after the last raising(around 14c).They need the money.
They'll probably place with the majority with same investors as last time who showed that they have the discipline to hold for a significant timeframe.
If it is a cap raising the stock was well defended at the dollar mark,90% of stocks get smacked down before a raising.
This stock seems to break the rules anyway ,look at all the gaps that where left between 35c and 80c.I'm surprised that it wasn't hit with the good ole hot copper catchcry"the gap needs to be filled-the gap needs to be filled"......
trading halt, page-29
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Last
21.5¢ |
Change
0.015(7.50%) |
Mkt cap ! $40.48M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.5¢ | 20.0¢ | $23.64K | 115.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23170 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 7118 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| TLM (ASX) Chart |