The good thing is it's tiny ($5M) vs their market cap (last at $185M), so there's minimal dilution, but it looks terrible and will hit the stock price for sure. Would've been so much better for them to do a rights offering at a much more reasonable discount and I'm sure they would've had plenty of takers.
Ann: Private Placement Completed Oversubscribed-BRN.AX, page-21
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Last
27.0¢ |
Change
0.035(14.9%) |
Mkt cap ! $532.5M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 27.5¢ | 24.5¢ | $4.593M | 17.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 229381 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 1435575 | 37 |
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| Last trade - 13.46pm 06/11/2024 (20 minute delay) ? |
| BRN (ASX) Chart |