They actually can't do that otherwise companies would just keep raising as much as they could and there are clear ASX laws capped at 25% per year or until that is replenished. If they went just over they would split it into 2 tranches and then go to holders for a vote. In this case they've basically forced a Yes vote without shareholders even havign a chance to vote for it the day before ? I've never seen anything like this.
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.74M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $51.03K | 4.599M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 721504 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 4087845 | 7 |
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| Last trade - 15.53pm 25/07/2025 (20 minute delay) ? |
| PGY (ASX) Chart |