Why not $50m cash raise then, using your formula, and issue 5x the number of new shares than those announced today, taking the SOI to, say, ~818m and a market cap of ~$94m. That would presumably give you an even better 1.7 multiple (!)
Instead of diluting existing shareholders by a further ~17% which is what has just happened, they could’ve diluted us ~87%. With everybody here supposedly Long & Strong Forever surely nobody would mind at all :/s
Ann: $10M in Funding to Advance Storm Copper, page-35
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Last
10.0¢ |
Change
0.004(4.17%) |
Mkt cap ! $51.81M | |||
| Open | High | Low | Value | Volume |
| 9.6¢ | 10.5¢ | 9.5¢ | $262.7K | 2.656M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 925372 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 118843 | 5 |
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| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| AW1 (ASX) Chart |