I just checked your claim and it appears you are incorrect mate. AGY haven't included an additional 10% placement facility for the last couple of years. The last time AGY included a resolution for the additional 10% placement facility was in 2021, and there was a specific reason for it. They needed the additional 10% to cover the options included in the February 2021 cap raise (see below).
As @Kaeho pointed out, it seems abundantly clear that AGY is preparing for a significant cap raise in the near future. Upping the limit to 25% implies a cap raise of between 210-350m shares. At a discount of around 20% from today's closing price (the last one was at an 18.7% discount), that would yield $21-$36m. That's probably enough cash to keep trying with the 2 ktpa plant for another 12 months or so, and that's about it.
Not a great sign......
- Forums
- ASX - By Stock
- AGY
- Ann: Notice of Annual General Meeting/Proxy Form
Ann: Notice of Annual General Meeting/Proxy Form, page-5
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGY (ASX) to my watchlist
|
|||||
Last
8.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $128.1M |
Open | High | Low | Value | Volume |
8.8¢ | 8.9¢ | 8.6¢ | $36.10K | 414.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 37936 | 8.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.8¢ | 15624 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 37936 | 0.086 |
1 | 11776 | 0.085 |
2 | 211916 | 0.084 |
1 | 12000 | 0.083 |
3 | 154841 | 0.082 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 15624 | 1 |
0.090 | 34601 | 2 |
0.091 | 381389 | 1 |
0.092 | 119587 | 3 |
0.093 | 211655 | 3 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
Featured News
AGY (ASX) Chart |