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......
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Last
8.7¢ |
Change
-0.005(5.43%) |
Mkt cap ! $126.6M |
Open | High | Low | Value | Volume |
9.1¢ | 9.1¢ | 8.7¢ | $278.7K | 3.125M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 688234 | 8.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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9.0¢ | 603000 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 688234 | 0.087 |
10 | 179519 | 0.086 |
12 | 164717 | 0.085 |
2 | 96190 | 0.084 |
2 | 185883 | 0.083 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 603000 | 4 |
0.091 | 47255 | 2 |
0.092 | 126520 | 4 |
0.093 | 20000 | 1 |
0.094 | 57675 | 3 |
Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
9.1¢ | 9.1¢ | 8.6¢ | 1569215 | ||
Last updated 15.46pm 17/06/2024 ? |
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