This capital raising should not be a surprise.
Shorts can only cover via the placement and you'd hope management will allocate nothing to the shorts in the bookbuild and make them scramble in the secondary market.
Ann: December 2023 Quarterly Activities and Cashflow Report, page-44
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38.5¢ |
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Mkt cap ! $403.6M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.0¢ | 38.5¢ | $211.3K | 545.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 81783 | 38.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 423058 | 23 |
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