There would be a lot of dilution if they did that.
From a bit of googling, it looks like they can borrow from the EIB at below 4%.
Once approved and other milestones met, the SP should rise and there would be less dilution from any capital raise
Ann: European Investment Bank proposed EUR500m ($825m) financing, page-56
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Last
$4.63 |
Change
-0.210(4.34%) |
Mkt cap ! $871.3M | |||
| Open | High | Low | Value | Volume |
| $4.88 | $4.88 | $4.55 | $3.507M | 756.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6706 | $4.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.64 | 9259 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$4.64 |
Change
-0.210 ( 4.73 %) |
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| Open | High | Low | Volume | ||
| $4.82 | $4.82 | $4.55 | 63911 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| VUL (ASX) Chart |