There would be a lot of dilution if they did that.
From a bit of googling, it looks like they can borrow from the EIB at below 4%.
Once approved and other milestones met, the SP should rise and there would be less dilution from any capital raise
Ann: European Investment Bank proposed EUR500m ($825m) financing, page-56
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Last
$3.92 |
Change
-0.060(1.51%) |
Mkt cap ! $674.5M | |||
| Open | High | Low | Value | Volume |
| $4.05 | $4.19 | $3.91 | $5.083M | 1.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3372 | $3.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.95 | 3000 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$3.96 |
Change
-0.060 ( 0.05 %) |
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| Open | High | Low | Volume | ||
| $4.09 | $4.19 | $3.92 | 110607 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| VUL (ASX) Chart |