A bit odd. Why extend US operation needs such big cash injection, especially when ARX has decent cash on hand already? New Zealand has only 30 million sheeps anyway, there is a limit on production output and the factory upgrade only costs several million and almost done, isn't it?
Feel more like inviting cornerstone investers on board. Share holders get diluted by 1/7th but with cornerstone investers, one can expect EV to match PNV soon?
Ann: Trading Halt, page-14
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Last
56.5¢ |
Change
0.015(2.73%) |
Mkt cap ! $194.8M | |||
| Open | High | Low | Value | Volume |
| 54.0¢ | 56.5¢ | 54.0¢ | $217.6K | 393.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 4093 | 54.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.5¢ | 10032 | 2 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| ARX (ASX) Chart |