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Au equities enjoy persistent support

Another day and another successful and even oversubscribed capital raising for an ASX-listed gold company. This time it is Breaker Resources and its Lake Roe gold discoveries around the Kalgoorlie goldfields that has lured institutions into bed for A$12.4 million (US$9.5 million), as analysts continue to predict future strength in gold.

Au equities enjoy persistent support Au equities enjoy persistent support Au equities enjoy persistent support Au equities enjoy persistent support Au equities enjoy persistent support

Breaker is hoping coax yet another discovery out of the Western Australia goldfields around Kalgoorlie

The company was originally seeking to raise around $10 million but the offer was several times oversubscribed due to high demand from institutions.

The issue price was $0.

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