I think it will be significantly oversubscribed by multiples , and the $5 million SPP will be undertaken on the basis of a $30,000 limit to first in best dressed. If they were to do the SPP on a ratio , I would think it would be based on a 1 for every 10 held basis. However personally , I would rather grab another $30 k's worth at 7.5 cents if possible.
Would have to check on their current availability of their ASX 10 & 15% capacity limits , but no doubt after this raise , they will use the upcoming meeting to approve again the 10% limit. SPP likely to be in Tranche 2 obviously and so would most likely have a timetable into around mid to end of August or closing with the BULK of the 600,000 share coming on stream earlier than this.
Other than that , with the SPP component being based on a ' Forward ' looking date with obviously numerous positive announcements still expected and in the pipeline before money is required , I would think demand for it will be extremely insatiable.......
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Mkt cap ! $231.5M |
Open | High | Low | Value | Volume |
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47 | 10965526 | 0.021 |
64 | 10316360 | 0.020 |
18 | 7887604 | 0.019 |
13 | 5330832 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 8527656 | 26 |
0.024 | 8012007 | 25 |
0.025 | 6197404 | 35 |
0.026 | 6419351 | 13 |
0.027 | 6075461 | 21 |
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