Small Market cap and low shares on offer but I was a little concerned about the cap raise.
Purpose of the offer as below.
It doesn't give them much to use for exploration and also doesn't leave them much working capital.
I fear this maybe repeated sooner rather than later but will gladly stand corrected.
W
1615769_2
10
5.
PURPOSE AND EFFECT OF THE OFFER
5.1
Purpose of the Offer
The purpose of the Offer is to raise $1,149,269.
The funds raised from the Offer are planned to be used in accordance with the
table set out below:
Item
Proceeds of the Offer
Full Subscription
($)
%
1. Glendambo Project
34.80
Data base compilation and
modelling
$60,000
Field Surveys and logistics
$80,000
Geophysics
$100,000
Reconnaissance Drilling
$160,000
2. Payment of accrued creditors
165,000
14.36
3. Expenses of the Offer
1
96,923
8.43
4. Repayment of loans from Directors
325,000
28.28
5. Working capital
162,346
14.13
Total
1,149,269
100
Notes:
1.
Refer to Section 8.9 of this Prospectus for further details relating to the estimated ex
- Forums
- ASX - By Stock
- FHE
- I'm in
I'm in, page-22
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FHE (ASX) to my watchlist
(20min delay)
|
|||||
Last
43.0¢ |
Change
0.015(3.61%) |
Mkt cap ! $192.1M |
Open | High | Low | Value | Volume |
42.0¢ | 43.5¢ | 41.5¢ | $122.6K | 288.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12437 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.0¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12437 | 0.430 |
1 | 50000 | 0.420 |
1 | 7045 | 0.415 |
1 | 50000 | 0.410 |
8 | 128185 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 15000 | 1 |
0.450 | 21226 | 2 |
0.460 | 25000 | 2 |
0.470 | 5000 | 1 |
0.475 | 3000 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
Featured News
FHE (ASX) Chart |