Hi Billchippy,
If there are no good announcements to accompany the capital raising then I can see that the share price would drift lower inb the short term.
I am told that shares will be given in 2 tranches, with the second tranche to be done after an EGM.
The other thing that I did not get is who is the main sponsoring broker. If its Patersons then I can almost say for certain that the share price will drift lower towards the placement price.
For me to get in at 24cents could represent a quick trade for say 10% gain.
Hi Billchippy,If there are no good announcements to accompany...
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