No mate. It's because they can't legally keep issuing to their own inner circle. They have to offer something to market.
If they actually gave half a toss about shareholder value they'd do this cap raise at 1.5 cents. Or heck, 4 cents. 50 million new shares instead of 500 million would sure make me a heck of a lot happier.
They clearly see the value proposition, which is fantastic, but they should demonstrate to long suffering holders that they're willing to take a risk too.
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.92M |
Open | High | Low | Value | Volume |
0.6¢ | 0.7¢ | 0.6¢ | $49.25K | 7.059M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 958720 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 25525322 | 33 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 958833 | 0.007 |
60 | 47909976 | 0.006 |
36 | 12215837 | 0.005 |
27 | 28163888 | 0.004 |
15 | 10968443 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 1010000 | 2 |
0.008 | 25615322 | 32 |
0.009 | 14269706 | 15 |
0.010 | 32263074 | 23 |
0.011 | 14377990 | 13 |
Last trade - 15.50pm 28/07/2025 (20 minute delay) ? |
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OVT (ASX) Chart |