MOE 1.76% $5.21 moelis australia limited

is moto goldmines in trouble?, page-12

  1. 3,052 Posts.
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    If you look at redgums post DIT he says that;

    "I doubt they would announce a cap raising prior to the issue of the resource estimates supposedly due early August"

    If it is a capital raising i would say that they have already signed an agreement to do a placement(or something like that) with an institution, a major like banro or sophisticated investors. But why would they make a trading halt to do this - perhaps the placement price is substantially below the current price and they don't want the price to fall based on this.....hhhhmmmm
 
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