There'll be no cap raise yet. Price is too low and I suspect that they'd be targeting a cap raise closer to/or at the completion of phase 3 trials when speculation kicks in and the share price is further north of its current price tag. A cap raise now would make no sense at all.
In fact, any mention of a cap raise at this point in time is fanciful.
I believe that the company have spelt this out quite clearly in their latest Quarterly Activity Report released only 11 days ago.
Please go back and have a read for yourselves.
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Last
35.0¢ |
Change
-0.010(2.78%) |
Mkt cap ! $382.0M |
Open | High | Low | Value | Volume |
35.5¢ | 36.5¢ | 35.0¢ | $934.4K | 2.624M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 230715 | 35.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.0¢ | 17816 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 220529 | 0.350 |
11 | 831442 | 0.345 |
20 | 323131 | 0.340 |
7 | 368925 | 0.335 |
6 | 125505 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 43985 | 1 |
0.375 | 24450 | 2 |
0.380 | 145591 | 2 |
0.385 | 16756 | 2 |
0.390 | 7694 | 2 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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