Seems that the price of a placement is dominating the discussion. More importantly is the use of the extra capital to reach a critical milestone - the DFS. The placement is not that price sensitive.
Say that RWD needs $8.5 million which together with existing funds + option exercise will give RWD a comfortable run to that milestone.
Price is 80 cents and RWD would like to place $8.5 million at 85 cents - place 10 million shares.
Market wants to deal at 75 cents - place 11.1 million shares.
I cannot see that extra 1 million shares has any effect on the long term picture against getting this raising out of the road and moving to DFS in a strong position
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Last
2.8¢ |
Change
-0.001(3.45%) |
Mkt cap ! $6.38M |
Open | High | Low | Value | Volume |
2.9¢ | 2.9¢ | 2.8¢ | $17.62K | 628.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 130000 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 171414 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 130000 | 0.027 |
3 | 302730 | 0.022 |
1 | 30000 | 0.021 |
1 | 50000 | 0.020 |
1 | 35000 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 171414 | 1 |
0.032 | 34990 | 1 |
0.045 | 50000 | 1 |
0.050 | 70000 | 2 |
0.070 | 132000 | 1 |
Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
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