Obviously it isn't the former as the profits they currently make are sufficient to pay very large salaries. This is quite clearly to fund growth, beyond what their current cash reserves are capable of funding.
Ann: $70m Fully Underwritten Placement and up to $5m SPP, page-91
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Last
$1.49 |
Change
0.015(1.02%) |
Mkt cap ! $1.136B | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.51 | $1.41 | $21.40M | 14.62M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 29726 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 550 | 1 |
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