Yeah, it was never going to be subscribed to. Very stupid to put it out there in the first place.
So, does that mean the difference of the placement ($7.8m) and what's needed for the time extension (AU$9.3m) is coming out of their cash balance?
The difference of AU$1.5m couldn't have just been raised in the placement, and not having to rely on the SPP?... (in fact likely a bit more as I believe fees etc are taken out of that $7.8m - need confirmation on that one)
What a shitshow.
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Last
13.0¢ |
Change
-0.008(5.45%) |
Mkt cap ! $31.70M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.0¢ | $24.32K | 184.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 58915 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 174744 | 7 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| WR1 (ASX) Chart |