ZIP raised $217 mil (before costs) via a placement and did not have any problem raising the funds.
The costs? $50 mil, raised from shareholders, also without a problem, oversubscribed. $267 mil from a raise, plus $20 mil from cashflow, plus interest to date, totalling almost $300 mil, for a $150 mil loan for 6 months and left in a vulnerable position with a cash deficiency, before the cashflow report due tomorrow and before the FY24 results on 23 August.
Shaken down by the lenders, dressed up for a takeover or another capital raise to alleviate a looming cash deficiency?? Something is brewing and it won't be long
$3 SOON, page-510
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Last
$2.75 |
Change
0.000(0.00%) |
Mkt cap ! $3.590B | |||
| Open | High | Low | Value | Volume |
| $2.74 | $2.75 | $2.69 | $17.99M | 6.602M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | $2.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.75 | 83683 | 13 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |