CVY 0.00% 11.0¢ coventry resources limited

Hi Ange,i got caught with a trading parcel today when the notice...

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  1. 4,966 Posts.
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    Hi Ange,

    i got caught with a trading parcel today

    when the notice came in i thought it would be the quarterly, but surprised to see TH - cap raising

    the $5m that was raised 3 months ago should have been enough to last 2 years according to the prospectus

    the only reason i can think of for the recent sp weakness and raising (considering they have had some decent hits), is that market players knew it was coming and held the sp down to get set at a cheaper placement price

    maybe 20c - hopefully not too much profit taking, i might switch my holding into smsf if that's the case
 
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