capital raising?, page-3

ADU is up 4.5 cents (7%).

Yet there will be 14% more shares on issue as a result of the latest capital raising. Is ADU's share price rising because AZM and GRY shares are rising and we are playing catch up due to the trading halt/suspension?

So can somebody please explain to me why the market has seen today's announcement as positive?

Or will the share price fall once we get past the date when new shareholders can participate in the rights issue and people sell shares to fund their rights?

loki (surprised/confused)