As a shareholder I'm sure you will have considered asking why the market (retail shareholders) are not able to participate in the $30M raising. Assuming the answers to my questions go the way I anticipate and the market will NOT be tapped for the 30M.
My figures of current cash holdings and the $3M minimum working capital covenant are based on the ASX anny's so he should be able to give you straight answers. As a holder you have a right to know who will be buying 30Million+ shares in the company and why/if you were not given the chance to participate and therefore maintain your relative ownership of the co.
appt with ceo len jubber, page-8
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Last
$3.25 |
Change
0.050(1.56%) |
Mkt cap ! $580.4M | |||
| Open | High | Low | Value | Volume |
| $3.22 | $3.29 | $3.15 | $1.446M | 446.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 620 | $3.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.29 | 9089 | 3 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| BMN (ASX) Chart |