SVL - Silver Mines

[mullokintyre]

Question is : was the bump insider trading before good news, or manipulation before capital raising

I was also wondering that.
usually if there is a capital raising , it is at a discount to the closing price.
Why would anyone bid the price up knowing there was a cap raise coming up at a lower price?
Unless of course the injection of capital is coming from an entity that has ambitions to buy the entire project.
mick

 

[Sean K]

@qldfrog & @mullokintyre good questions. I'm not sure if either is helpful for any insiders or those who may benefit from a raise at a discount. I thought yesterday was just on the back of the ann yesterday am, but maybe that was timed for a reason. Couldn't discount anything with the shenanigans going on behind closed doors with these juniors, their brokers, and their mates.

 

[qldfrog]

I was also wondering that.
usually if there is a capital raising , it is at a discount to the closing price.
Why would anyone bid the price up knowing there was a cap raise coming up at a lower price?
Unless of course the injection of capital is coming from an entity that has ambitions to buy the entire project.
mick

Bumping up before capital raising is good for the capital raising itself aka the company which has obviously a lot of leverage on the SP, via leak f.e.

 

[mullokintyre]

Bumping up before capital raising is good for the capital raising itself aka the company which has obviously a lot of leverage on the SP, via leak f.e.

Usually when a cap raise is done, the middle man goes around to the instos, profs and sophs to ask them if they will huy in and at what price.
Once its organised, then they go out to the public.
It must take more than 24 hours to get this organised, so who is doing the pumping?
Is it the instos, sophs and profs who already have a chunk locked in at a lower price?
Is it just plain dumb luck?
yesterdays volume of 8millodd was not much more than an average day.
28Million changed hands on 15th November, that was big!.
Jury still out for me.
Mick

 

[qldfrog]

Usually when a cap raise is done, the middle man goes around to the instos, profs and sophs to ask them if they will huy in and at what price.
Once its organised, then they go out to the public.
It must take more than 24 hours to get this organised, so who is doing the pumping?
Is it the instos, sophs and profs who already have a chunk locked in at a lower price?
Is it just plain dumb luck?
yesterdays volume of 8millodd was not much more than an average day.
28Million changed hands on 15th November, that was big!.
Jury still out for me.
Mick

Give it a month and if we do not forget while gorging on glazed hams and pavlovas, we should get the answer,!

 

[Sean K]

So, $25m to keep the lawyers lights on.

And the deal they made for the $30m they supposedly raised in July has been cancelled. I wonder if that means Rick Rule and his team have left the room and decided to invest somewhere else with more confidence. Like Mali.

 

[mullokintyre]

So, $25m to keep the lawyers lights on.

And the deal they made for the $30m they supposedly raised in July has been cancelled. I wonder if that means Rick Rule and his team have left the room and decided to invest somewhere else with more confidence. Like Mali.

View attachment 189125

I wonder if the "binding" agreement was agreed to be let go on the proviso that Rick Rule could be guaranteed a chunk of the new shares at 0.092.
For the company to let MMCAP out of the "binding" agreement, what did they get in return?
What was in the original "binding" agreement that allowed them to wriggle out of it?
As usual, there is nothing from the company.
As usual, there will be nothing from those toothless oussy cats at the ASX or ASIC.
Given the bid up to 0.115 before the announcement means a whole bunch of suckers will be down the drain by 15% at the open.
No mention of the retail suckers like us getting any of the freebies.
Yea, corporate governance, its vitally important.
Mick