They could have done the SPP for option only on the basis of 1 for 1 (1 billion options)... and that would have a better chance to raise $20mil AUD...
It does not make sense to do a small SPP on the head at 8c, and then following by this 20c strike option SPP ?
I won't be surprise if they revise the option conversion price to 15c :).
That would be a disaster won't it... They should hire a better capital management advisor....
stock option advice pls, page-5
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Last
32.3¢ |
Change
0.003(0.78%) |
Mkt cap ! $476.3M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.8¢ | 32.0¢ | $80.88K | 249.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 147496 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 519873 | 13 |
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| Last trade - 10.59am 15/10/2024 (20 minute delay) ? |
| IMM (ASX) Chart |