Big discount to current SP and it's not even underwritten (by virtue of it not being disclosed as such). That's suggesting a very tough negotiation to even get this much money. $16m a certainty, the extra $10, will be a small uptake you'd expect.
Strong headwinds for the next few months methinks. And I suspect more shareholder tapping in the near future as well, once the debt package is finalised.
I suspect the notes will be converted and not repaid in 2025 imo.
I'll come back here in 3 months to see where things are at.
Ann: $16m Placement and $10m non-renounceable entitlement offer, page-27
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2.6¢ |
Change
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Mkt cap ! $39.67M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.6¢ | $39.25K | 1.438M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 684999 | 2.6¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 430663 | 1 |
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