Far East Capital Newsletter
A few thoughts on capital raisings
21 Jun 2020

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A few thoughts on capital raisings

The markets made a good recovery during the week without any great drama. The capital raisings continued thick and fast as the juniors took advantage of the appetite for discounted issues. In many cases the companies took whatever they could get, which can be a cause for concern.

Quite a few of the charts show prices that have come back to the support line, including gold producers, and in some cases they have even breached support. The amber light is flashing on these as we try and figure out whether this is just a healthy pullback or whether it is the start of something more negative and longer lasting. The market is vulnerable to anything negative on the the big picture that may cause aggressive profit taking. 

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