The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
It is interesting that the SP is not moving in any direction and the volume is relatively low.
This does seem to indicate that no one has any idea or a willingness to commit on which way things are going to play out. The market obviously hasn't decided if the vote was good or bad for the company.
It's a good RNS, but no real new news.
The grades just confirmed what we knew from earlier rock samples, we will not move until drilling is started in Q1 with no real take off until the first assay results which will be mid Feb at the earliest.
Problem is that a BOD always says a placing was oversubscribed but never by how much. At leas with a public placing you can make an educated guess based on how much your application has been scaled back.