25c is nearly 20% discount! That's way to steep. This is not a company that has run out of money scrambling to raise working capital to limp to the next step.
This placement can only be the result of a mutually beneficial opportunity. I would expect good value (and good faith) to flow in both directions in this deal.
If there is a steep discount to the share price, it has to be balanced by something very valuable coming to the company.
Ann: Trading Halt, page-27
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Last
3.8¢ |
Change
-0.002(5.00%) |
Mkt cap ! $5.639M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.0¢ | 3.8¢ | $11.62K | 296.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 250000 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 123475 | 1 |
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| Last trade - 12.10pm 14/10/2024 (20 minute delay) ? |
| NSB (ASX) Chart |