IMO Management in almost all companies don't care about current shareholders. It's always about how many shares can I get and which Insto's and Soph's are next to give us the money we need. These are the the ones who get the best deals, the newbies.
IMO from one of Jason's interviews, there are three funds who are buying up the oppies so either 1. LCL didn't want them to have a large percentage holding hence the cap raise to dilute them or 2. they are the same funds who just participated and are looking after them now for participation of future cap raises. Current shareholder would not be a consideration as ultimately we all get rewarded (hopefully) by progression of the project.
LCLOB WORTH A PUNT, page-93
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.683M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $3.173K | 352.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 4581457 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 279599 | 2 |
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| Last trade - 15.58pm 06/11/2024 (20 minute delay) ? |
| LCL (ASX) Chart |