No doubt these conversations have been ongoing with the institutional investor/s regarding the CR, if the company played it out as you say I’m sure the investors would start to look elsewhere to spend their money??
It doesn’t help IMM doing a CR at lower levels and management have skin in the game so they’re diluting themselves also?? so clearly they have little power/leverage though this process and are getting bent over as a result.
Ann: Trading Halt, page-92
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Last
35.5¢ |
Change
0.015(4.41%) |
Mkt cap ! $515.6M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 36.0¢ | 34.0¢ | $1.270M | 3.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 286261 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 253490 | 7 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| IMM (ASX) Chart |