Oh Dear. Only 60% odd uptake. 21m shares left to the underwriter!
Question now is , will the underwriter take the shares or envoke exit clauses. If the latter is the case then drilling may be delayed by funding issues further pressuring the SP?
Either way a whole heap of shares will likely come on the market in the short term imo. Holders must be gutted. Comments?
DYOR
rights issue massively undersubcribed
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Last
9.8¢ |
Change
-0.001(1.01%) |
Mkt cap ! $55.65M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.8¢ | $4.322K | 44.09K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2501 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 392224 | 3 |
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| Last trade - 10.22am 12/07/2024 (20 minute delay) ? |
| ADX (ASX) Chart |