Capital raising probably just meant to provide a bit of insurance against any adverse events in the near term and to provide capital backing for other projects.
U project fully financed by GE so the capital is not for that. As for the lack of any news regarding U this is probably because of confidentiality conditions that are typical of technology licensing and commercial agreements.
Can't understand the current share price being so far below capital raising price. Might be some manipulation to scare the new investors who bought in through the capital raising into selling part/all of their holdings.
yoyo, page-17
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Last
$5.16 |
Change
-0.090(1.71%) |
Mkt cap ! $1.224B | |||
| Open | High | Low | Value | Volume |
| $5.23 | $5.23 | $5.03 | $1.976M | 385.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 455 | $5.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.17 | 1306 | 1 |
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| SLX (ASX) Chart |