Yes - $1.36 for a cap raising, if suggested a month or two ago, would have seemed silly.
And ARU doesn't have anywhere near the number of shares on issue as, say, LYC does, so would be able to withstand a bit of dilution.
No - it's just the screwing of the little players by the insiders that gets up my nose. As someone suggested above, perhaps they should have to go into a trading halt BEFORE they sound out the instos and other major holders re a cap raising....
Cap raising is OK. (but not too often)
Insider trading and manipulation is most definitely NOT OK.
capital raise will be soon..., page-19
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $431.2M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.5¢ | $751.9K | 4.389M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 519867 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 3104135 | 19 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| ARU (ASX) Chart |