The problem with that argument, is that the company could deliver without the need for a capital raisings, or the use of the loan facility that I suggested as part of prudent and competent management. Companies want their suppliers to have diligent and responsible financial management otherwise they become a risk.
Nobody in their right minds believes that DRO needs $160 M in cash and I am astonished that some shareholders are tolerant of unnecessary and imprudent dilutions.
Ann: Strong Shareholder Support for Share Purchase Plan, page-75
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Last
$1.73 |
Change
-0.295(14.6%) |
Mkt cap ! $1.311B | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.11 | $1.58 | $64.26M | 35.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 53054 | $1.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 39204 | 5 |
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| Last trade - 11.30am 17/07/2024 (20 minute delay) ? |
| DRO (ASX) Chart |