More shares are a bigger problem than options because not all options will get converted. If they issue for example 10% more shares in a placement then the market cap will be adjusted to account for an extra 10% which means the share price will drop.
It won't 10x from any one single CR, that's crazy.
The time things take has been a big problem because during that time they'll burn through close to $100m in capital raisings and that'll be adjusted in the market cap and share price. That's why we aren't going anywhere share price wise.
Ann: Trading Halt, page-76
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Last
$10.20 |
Change
-0.010(0.10%) |
Mkt cap ! $215.6M | |||
| Open | High | Low | Value | Volume |
| $10.20 | $10.26 | $9.81 | $396.9K | 39.44K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1200 | $10.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.20 | 966 | 1 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| AVR (ASX) Chart |