Originally posted by debono
ok...so we will have 1. a cap raise, 2. deal signed and maybe 3. a resource upgrade all at the same time possibly?
If we assume just the first 2 then what happens to SP? Do we hunt the 1.8c cap raise price or will the deal be enough to launch safely past that price? I have seen both scenarios played out before so it really will depend I guess on how good the market views the signed, sealed and delivered deal.
With last traded price at 2c then why would you stump up extra cash 1.8c buy unless super positive of not seeing that price again? I guess though that is what everyone thinks when they buy into cap raises.
Will we open Thursday or will it take a few more days to bed it all down and go bang (or whimper)next week?
Will willious were a ball protector?
So many questions!
Honestly if they have a resource upgrade in the wings why would you raise that much at this price now? Disrespectful to current holders IMO.
My guess is most people whom will get a lick in this CR will be the same people pushing the price down in the lead up to the TH.
Anyone able to provide the VWAP for the 5 days prior to the TH? My guess would be 2.2 or so which would mean another broken promise as the raise was meant to be within 20% of that.
