RE: Shares2 Feb 2023 14:39
Smallfishbigpond, ASX has protection in place for events that could cause big price movements, I guess, and only guessing it was put in place to ensure there is not a over done drop when the discounted price was announced.
Its doing well on AIM, looking like is may exceed 400m shares today
But there is a raise being done on both ASX and AIM, which has me thinking, about the update in the AIM RNS..
I guess its the combined totals.. but not 100% sure
"The Company intends to rely on the Company's placement capacity pursuant to ASX Listing Rule 7.1 to issue up to a maximum of 1,578,947,368 new ordinary shares (equivalent to maximum gross proceeds of approximately A$15.0 million (£8.1 million), such that shareholder approval will not be required for the Placing."
Risk I see, still needs permit to drill, rig is in use by PANR, drilling window is tight so if rig is delayed for whatever reason then ??
Herd not turning up, to give a good rise, 2021 they turned up late..
It appears a share pumped by the rampers, who profit and bail..