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I think the last extension for the Wedding Bell Uranium mine was extended 3 weeks before the deadline but this one is only 1 week from deadline.
Also the tweet from Thor Mining last week sounds positive:
https://twitter.com/thormining/status/1469143198379524096?s=21
I think a 0.5p placing would be too generous. Probably less than that if it is a placing. Then the same old questions, why didn't they raise earlier when SP has a lot higher, and so on and so on. At least it wont be 2.5 billion @ 0.002p; Like before. We could be on for anther consolidation soon as well. Rinse and repeat!!!!!
We've heard multiple times over the past few months that news on these permits would be available in just two weeks.
Just a week to go now, https://dnrweb.state.co.us/DNR/Mining/operatordb2/report-Prospect.asp?search=PermitPendingApplication . Anyone expecting anything other than another deadline extension?
Z on previous trading halts on ASX. AIM SP has increased. So swings and roundabouts.
Exactly Diadalus. Is it acceptable to be halted for 2 days on ASX while dropping freely on AIM?
Just to clarify - the only legit reason to not announce a why is that another party/entity is involved and that that party would also need to be announcing either before or at the same time.
The norm would be just an announcement with some reason or other and then a raise on a certain date - but to request a limited halt to ASX trading whilst AIM continues! Even if this were for something like a JV (or something involving another party) it's a really strange way to do it and definitely not investor friendly especially to those on ASX. I've never actually seen a capital raise done this way - either trading is fully halted or not at all. Or they simply wait till they can say why.
this is getting ridiculous. many are speculating that placing at 0.5p. if so, will come back at that price.
I would like to say what I really think but that's not really ok in this age of wokism so I'll just settle for saying the the directors are a bunch of doodooheads for the way they have handled this placing announcement. Hope you are reading this, you slimey s***bags.
I wasn't asking for advice MH. You seem optimistic ("can't think of much negative......") as to what we shall learn when trading re-starts. I was merely trying to ascertain the basis of your optimism.
Under 0.6p and we'll be back under the placing price of a while ago (which is in keeping with the history). Keep up the good work THR!
A placing would be the norm. Probably not on a ASX trading halt, though. My guess is more confetti issued but for one of the companies that have already have a position.
Is MH for me? I have no idea. I am very new to this so not the best person to give advice sorry
What price do you think the cash raise will be at , MH?
It would all depend on the terms.
If there was say a 6month lock in and a major institutional placee,with a good story announced at the same time, then it could be ok
Sounds like very bad or pretty good. I am not sure what this would do to the SP
What would that do?
nm
Who on earth wasn't the trading stop on AIM as well?
I would love to be that optimistic. I cant think of much negative but I honestly dont trust AIM... But hey, I sit in hope..
How can it be anything else?
I really cant afford for this to be a nasty surprise... :(
Yep, we may be surprised. ATB
On AIM i doubt either !
Let's hope its a nice surprise, with a minimal discount and some credible investors.
But if I am frank, when it comes to investments, I hate surprises. Unless it's a new copper porphyry deposit like the one Xtract Resources announced last week, over in New South Wales.