The Australian Financial Review has an article saying that Pacific Current is raising $12.5 m at $6.05 per share. I hope retail shareholders have the opportunity to buy at this price. It is puzzling on why they need cash. The company had cash of over $60 million at June and have done one deal in September. Looks like it did not have enough cash to fund the deal announced last week. Where did the cash go?
News: PAC Pacific Current Group Seeks Trading Halt Pending A Proposed Capital Raising, page-4
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Last
$10.25 |
Change
-0.150(1.44%) |
Mkt cap ! $535.0M | |||
| Open | High | Low | Value | Volume |
| $10.42 | $10.47 | $10.17 | $258.1K | 25.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 367 | $10.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.30 | 96 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| PAC (ASX) Chart |