RE: Why didn’t he1 raise when the market cap was £100m?13 Feb 2024 23:29
@gje306....After analysing Tai well results they announced moving to the 4.75% location, but at same time let the market know they needed funding. So the fall in price set in motion...
Usually funding is announced after trading and completed before trading the next day, not more than 2 weeks later.. ?
At the time the share price was around 3p, with pad ready drilling was expected to resume after the rig repair. , surely announcing a data led change in drilling location, and keeping the raise quiet until done would have seen a placing nearer 2.5p..
But then this would never be sat x10 the low as it is now....