It has been my experience that placements are described as over subscribed when the funding target is met. Even 1 share above the target qualifies. If demand is strong the oversubscription is generally partly accepted and announced as oversubscribed, all good PR.
The target of $10m seems likely, one of the sophisticated investors that got the offer email could confirm the number.
Ann: Placement to fund Hydrogen Initiatives, page-16
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.25M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.0¢ | $22.28K | 171.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 89734 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 71813 | 5 |
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| Last trade - 15.38pm 17/09/2024 (20 minute delay) ? |
| PH2 (ASX) Chart |