Did anyone see there was a chance of success here?
to me the best news was that it came undersubscribed. Less shares than what they could have, though the damage is done. They announced a restructuration of the debt which meant money in the bank for longer, so they didn't need more than what they have.
ia anyone here good with math? How big does the market cap have to be to get back to 0.10?
Ann: Renounceable Rights Issue Results, page-5
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.89M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.7¢ | $1.449K | 85.22K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1048896 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 540045 | 3 |
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| Last trade - 10.35am 26/06/2024 (20 minute delay) ? |
| LBT (ASX) Chart |