I made a chart yesterday too, Doji , out of interest . It was after reading what people were saying about the Fargo ability to sell shares if JRO couldn’t meet payments if the price was under 15c.
I guess if JRO is selling and trying to stash funds somewhere else before it officially forfeits, as @Palchum suggested it is not taking too huge a ‘desperation’ hit by selling at 10.5c?
I think it’s interesting AJM set the cap raise price half a cent lower than JRO ‘purchase’ price https://thewest.com.au/business/fin...-deal-with-chinese-battery-maker-ng-ya-337487
Maybe despite knowing JRO’s desperate situation and the fact the price would almost certainly fall to cap raising level they thought it still wouldn’t sell shares under 13.5c?
..Or maybe they were throwing it to the wolves seeing as it seems to have been heading in that direction anyway (So ‘on the nose’ in China it even needed to get it’s ‘restructuring’ funding from an American bank?)
Interesting how the strength of improving fundamentals including the injection of $38 million (?) into company coffers the price has stayed low and fallen further.
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I made a chart yesterday too, Doji , out of interest . It was...
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