The good thing is it's tiny ($5M) vs their market cap (last at $185M), so there's minimal dilution, but it looks terrible and will hit the stock price for sure. Would've been so much better for them to do a rights offering at a much more reasonable discount and I'm sure they would've had plenty of takers.
Ann: Private Placement Completed Oversubscribed-BRN.AX, page-21
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $333.6M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 17.0¢ | $220.0K | 1.294M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 81 | 2412615 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 977858 | 19 |
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| Last trade - 10.00am 28/08/2024 (20 minute delay) ? |
| BRN (ASX) Chart |