Although I was also in favor of raising after cb results, there is no doubt that people were aware a cr is coming. So even with a positive result from Cooper, there was a chance that sp may not have had a free rise because of a cr overhang. With that sword removed, hopefully sp can find new heights. New buyers always look at cash situation and they will take comfort that strike is cashed up. It also shows brokers are ready to provide large sum of money, so there is general expectation of good time coming. Trying to make the best of an awkward situation, so please don't shoot me down. Please dyor.
-dc1234
why announce a capital raising now..?, page-33
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17.5¢ |
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Mkt cap ! $501.4M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 37 | 1634397 | 17.0¢ |
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| 17.5¢ | 617607 | 7 |
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