The machine is back on again. Seems some holders spooked by the cap raise comms resulting in a 5c dip in price.
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The machine is back on again. Seems some holders spooked by the cap raise comms resulting in a 5c dip in price.
Man!! That was interesting. I was hoping to apply for another big load at $1.2 but I’m sure the purpose of listing in ASX has always been to raise capital which If I remember correctly was discussed in passing by DD in one of the past meetings.
Bit of a mess. Its provoked a bit of a sell down as existing holders think the placement might be offering shares at $1.20. Timeframe for placement might be pushed back - nothing has been approved by the Board at this stage.
I suppose they would be Monitoring the ASX listing process, were able to Detect an anomaly and Resolved the situation.
The conspiracy theory is that's it a cunning plan to pump the SP, claim your stake for the up and coming record date to get the discounted shares
$1.2 might not be a bad issue price though if the "speculating" capital raise had a really compelling reason.
I hope it will bring us some good news on Singapore or Australia too.
Hm... ASX listing, $1.2 issue price, 20% discount capital raise...
these numbers sound very familiar... somewhere....another company with the first letter 'P'...
Maybe the $1.20 was a number in mind 2 weeks ago, been a bit of a surge since then. Regardless, the ASX slip up has rocked the boat today