CAY 8.20% 16.5¢ canyon resources limited

Just out of interest, how is an announcement that dilutes shares...

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  1. 978 Posts.
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    Just out of interest, how is an announcement that dilutes shares by approx 7.5% not price sensitive?


    Surely if MC stays constant, the SP would drop by the equivalent amount (never happens fully) and would therefore be price sensitive.


 
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