As a shareholder I'm sure you will have considered asking why the market (retail shareholders) are not able to participate in the $30M raising. Assuming the answers to my questions go the way I anticipate and the market will NOT be tapped for the 30M.
My figures of current cash holdings and the $3M minimum working capital covenant are based on the ASX anny's so he should be able to give you straight answers. As a holder you have a right to know who will be buying 30Million+ shares in the company and why/if you were not given the chance to participate and therefore maintain your relative ownership of the co.
appt with ceo len jubber, page-8
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Last
$2.71 |
Change
-0.140(4.91%) |
Mkt cap ! $509.0M | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.80 | $2.70 | $420.0K | 152.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1148 | $2.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.72 | 10877 | 7 |
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| BMN (ASX) Chart |