Finch I had the same concerns last time when the SP was 0.7c and there was a large placement at 0.5c what happened? The stock ran to 1.5c
GRK is not alone I have seen basically every other shaler run up much harder once a capital raising is done
KEY 2.5c placement when shares were 3c ran to 6c TTE 1.2c placement when shares were 1.6c ran to 2.2c CTP large 5c Placement and SPP then ran to over 10c NWE 3c capital raising ran to 10c OBL 2c capital raising ran to 10c and we have what GRK did recently following a 0.5c placement it ran to 1.5c
I don't know why these stocks ran so hard following placements and capital raisings perhaps it was the increased corporate awareness it's a strange phenomenon but it has played out over and over so I can't see why this time it will be any different.
Buying at a price under the current placement seems like a good bet to me especially with how GRK performed last time after a large placement
GRK Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
