The shorts are now banking on a CR given CAPEX requirements have been confirmed. Up to ADN to now obtain funding in the best possible way, if there is any CR then the Company should attempt to do it with minimal dilution and without opportunity for shorters to cover off market, maybe SPP is the way to go as it would prevent significant quantities going in the direction of shorters, obvious risk is whether current SH's are willing to pony up again. Ideal would be a cornerstone investor mixed with debt funding.
Ann: Investor Presentation - Shareholder Webinar, page-409
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Last
2.1¢ |
Change
0.002(10.5%) |
Mkt cap ! $65.31M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 2.1¢ | 1.9¢ | $56.24K | 2.905M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1006631 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 891005 | 8 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| ADN (ASX) Chart |