I expect BLU will need funds shortly?, how might they get them?
If they issue an SPP, I suspect it might be worthwhile having a holding to perhaps see those extra funds bring their plans to some level of fruition.
The recent SP decline indicates to me that BLU has not convinced the market that they can deliver near term.
What we don't know is how they will source more funds - of course they may be able to package things & seek funds without shareholder dilution? OR, surely they won't have a share issue without including long-term retail shldrs?
Where will that leave retail shareholders?
What's the concensus as to how BLU might progress their plans - will they come to market or otherwise?
OR am I mistaken thinking they will need further funds to continue their plans?
BLU Blu SKY were the limit, page-2
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $16.65M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $42.23K | 4.607M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 483272 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 430000 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BLU (ASX) Chart |