Hi GC
I am fairly confident that the board will be on a very very tight budget of essential spend only.
This will be because the impending partnership will result in a re-rate of the share price, once this has taken place the capital raise will take place at much higher levels reducing dilution.
I would be very happy with this prudent outcome. Knowing the board and their shareholder bias, I am fairly confident.
RED
ARL chart, page-3481
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Last
41.0¢ |
Change
0.010(2.50%) |
Mkt cap ! $81.86M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.0¢ | 40.0¢ | $1.304K | 3.194K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 253196 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 27496 | 1 |
View Market Depth
| Last trade - 12.05pm 13/11/2024 (20 minute delay) ? |
| ARL (ASX) Chart |