Too many panic merchants in this stock!
The prudent investor will wait to see what is involved.
If its a strategic placement with a distributional partner, it will be a great vote of confidence in how DXB is travelling and clarity re funding for the rest of Action 3.
If its a conventional raise because of no milestone payment - as Bunter suggests - it will be disappointing.
Given that there is now a focus on 'executing' multiple term sheets into licenses, I doubt it is the latter, as that would be premature in the circumstances.
My money is on the former - a strategic placement.
Ann: Trading Halt, page-24
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Last
45.0¢ |
Change
0.040(9.76%) |
Mkt cap ! $247.7M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 45.5¢ | 41.5¢ | $820.5K | 1.856M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34678 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 80601 | 3 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| DXB (ASX) Chart |