To be honest, whether we as shareholders like this or not, the market in general will view this successful SPP as a positive. After all, if the news is anything to go by regarding this macro environment, it is very, very hard to raise fund. Just look at those builders that collapsed merely on a debt of $2m or so. In good times, that won't be a problem. Yet IMU can raise $80m just like that!
The market will view this favourably and act accordingly. Also, if LC pulls out a few great announcements after this, the market will also be more than willing to buy in due to the strong cash position IMU is in now.
Media Thread, page-6600
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Last
4.6¢ |
Change
-0.002(4.17%) |
Mkt cap ! $345.8M | |||
| Open | High | Low | Value | Volume |
| 4.8¢ | 4.8¢ | 4.6¢ | $279.9K | 5.988M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 4257874 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 2358929 | 19 |
View Market Depth
| Last trade - 14.23pm 13/11/2024 (20 minute delay) ? |
| IMU (ASX) Chart |