They'll get them at $0.20 per share just like they always do. I'm a sophisticated investor and plan to take up my entitlement if on offer. past two capital raises were all done at $0.20 this one I don't see any differently. I reckon Morgan's was bleeding Tony's ear drums out for a capital raise over the past few months he and the board finally gave in.
The old classic "please sir I want some more"
View attachment 2000107On a positive note since our company's existence we have only had two prior CR's all at $0.20, 10 x above the issue price of $0.02 when they were first listed. Just shows you how controlled management are with their spending. So the reason for this pending capital raise must have sufficient merit to justify it especially when you consider all of the major upcoming news on the horizon...
Cheers
Red bar